Part 7/14:
Discussing inflation, Morehead distinguishes between different types—consumer price inflation vs. inflation in hard assets like gold, real estate, and Bitcoin. He points out that while traditional inflation measures may underrepresent inflation in tangible assets, the rapid money supply expansion injects inflation into these sectors, making them attractive stores of value.
He warns that governments tend to protect certain assets, such as stock markets and real estate, often at the expense of ordinary consumers facing rising living costs. This creates a landscape where Bitcoin and other hard assets become increasingly essential tools for preserving wealth.