Daniel Lacalle has a PhD in Economy, is Professor of Global Economy and Fund manager. He holds the CIIA financial analyst title, with a post graduate degree in IESE and a master’s degree in economic investigation. Member of the advisory board of the Rafael del Pino foundation.
He was ranked Top 20 most influential economist in the world 2016 (Richtopia), and is author of the best-selling books “Escape from the Central Bank Trap” (2017, BEP) ,“Life In The Financial Markets” (Wiley, 2014) and “The Energy World Is Flat” (Wiley, 2014, with Diego Parrilla), translated to Spanish, Chinese and Portuguese.
More about Daniel Lacalle: https://en.wikipedia.org/wiki/Daniel_Lacalle
In our today’s video, Mr. Lacalle, has joined a zoom meeting with our Co-Founder Michael to discuss and reveal some most important Crypto and Life Secrets such as:
00:00 - Introduction: Daniel Lacalle
01:40 - Give Us Your Overview on a Current Financial Situation in the World
03:05 - "There is No Such Thing as Transitory Inflation"
04:40 - Was 2008 Collapse a Deflationary Event?
07:10 - How to Measure Inflation? Is CPI the Best Measure?
10:05 - "The Math Behind Inflation Calculations Cannot Calculate the Changing Preferences"
13:20 - Why Federal Reserves Cannot Include Asset Prices in Calculation
14:45 - Increasing Supply of Deposits. Recharacterization of Bank Deposits.
15:25 - Inflation is CREATED: "Supply of Money is Greater When Demand of Money".
19:20 - "We Will See Reduction Precisely Because the Monetary Effect"
19:50 - Why Japan Doesn't Face Inflation? 20:49 - "Yen is a Distant Cousin of a Dollar $"
23:10 - The Relation Between Real Wages and Inflation
24:59 - How to Deal With Decreasing of Purchasing Power? Middle Class is Paying for Everything.
26:30 - Reinvesting. Incentivize Consumption.
27:35 - Massive Investings Into any Part of the Economy Lead to Bubbles.
29:10 - Are Central Banks Guilty?
29:30 - A problem of incentives and disincentives.
30:50 - "Central Banks Lost Independence"
37:30 - How Can You Maintain Central Bank Independence Giving the Incentive Structure that's in place Within This System?
41:00 - Lobbying Efforts Incentivize Behave in a Wrong Way
41:50 - What Role Money Plays in Germany Politics?
42:15 - "It's Bad When Someone Can Spend Money Without the Consequences"
44:15 - Neither Republicans nor Democrats Would Win an Election with a Huge Spending on Deficit Program
48:05 - What Are Your Thoughts on Digital Currency?
48:50 - Digital Currency as a Shelter From the Government's Monetary System
DEFIYIELD is The Cross-Chain Asset Management Client for DeFi, the leader of audits in DeFi, and an author of the DeFi Bible "The Wall Street Era is Over": https://www.amazon.com/Decentralized-Finance-DeFi-Investors-Cryptocurrency-ebook/dp/B094X2BJH9
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