‘This Is Legalized Counterfeiting’: Why Inflation Is Theft by Design | Tom DiLorenzo
The Fed. The $4 trillion tax bill. Skyrocketing yields. Has America crossed the point of no return?
Tom DiLorenzo, President of the Mises Institute and one of the fiercest critics of central banking in America, joins Jeremy Szafron to break down the crisis unfolding in real time. From inflation and endless war to collapsing trust in the dollar, DiLorenzo explains how the Federal Reserve enables unconstitutional government expansion – and why he calls it “legalized counterfeiting” and “Marxist by design.”
Key Topics:
-The Trump-backed tax-and-spending bill and the $4 trillion deficit spike
-Why the 30-year Treasury yield breaking 5.1% signals a trust crisis
-How central banking fuels war, surveillance, and authoritarianism
-The Fed’s origins, failures, and the path to abolishing it
-Gold at $3,300 and Bitcoin at $111,000 — is this the end of fiat?
-Why DiLorenzo says “The Constitution is dead — the Fed killed it”
-What Gen Z is learning from Austrian economics and sound money
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00:00 Introduction
01:59 The Federal Reserve’s Role in Economic Instability
03:30 Historical Context and Critique of Central Banking
05:57 The Impact of Military Spending and Government Debt
16:56 Sound Money and Competing Currencies
25:44 The Origin of ‘Dixie’ Currency
26:14 The Demise of Competing Currencies
26:49 Bitcoin vs. Gold: The Future of Sound Money
28:19 The History of Central Banks in America
29:57 The Role of Central Banking in Government Power
39:34 The Potential Collapse of the Dollar
41:03 The Path to Ending the Federal Reserve
45:49 The Rise of Austrian Economics Among Youth
48:21 Conclusion
Credit to : Kitco NEWS