Michael Hampton and Dominic Frisby discuss sound money
On his recent trip to London, trader Michael Hampton discusses some of the issues raised in Dominic Frisby’s book.
They discuss the importance of sound money, the shrinking of the middle class and currency competition.
Dominic Frisby states that the extraordinarily uneven distribution of wealth in country’s like Britain and America is a consequence of our system of money. Those who receive the newly created money first benefit over those who don’t – a process which compounds over time and leads to an ever greater concentration of wealth among the top 1%. They also point out that government redistribution of wealth – whether via inflation or through welfare payments – is placing incredible pressure on the middle classes, who are finding themselves squeezed like never before.
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