142: Unraveling Economic Myths: Conversations with Paul Musson
Thu Feb 05 2026
Challenging Economic Norms and Investment Strategies with Paul Musson
In this episode of Barenaked Money, hosts welcome guest Paul Musson, an old friend and former financial industry colleague. Paul discusses his new book 'Capital Offense: Why Some Benefit at Your Expense,' which explores economic and monetary theories behind current financial systems and their flaws. They delve into the importance of understanding economic fundamentals, the role of central banks, and the concept of 'good deflation.' Paul also shares his personal investment philosophy focusing on high-quality equities, diversification, and the challenges of staying disciplined in a volatile market. The conversation raises provocative questions about inflation targets, the role of Bitcoin, and the sustainability of current financial practices.Click here to view the episode transcript.
00:00 Debunking the 2% Inflation Myth
00:09 Introduction to Barenaked Money Podcast
00:17 Meet Paul Uson: From Corporate to Independent
01:19 Paul's Book: Capital Offense
01:56 Understanding Economic and Monetary Theory
07:10 The Role of Government and Finance in the Economy
13:52 Investment Strategies and Diversification
25:25 The Debate on Bitcoin and Asset Classes
28:09 Comparing the Tech Bubble to the AI Boom
34:33 The Case for Good Deflation
37:45 Conclusion and Next Steps
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Challenging Economic Norms and Investment Strategies with Paul Musson In this episode of Barenaked Money, hosts welcome guest Paul Musson, an old friend and former financial industry colleague. Paul discusses his new book 'Capital Offense: Why Some Benefit at Your Expense,' which explores economic and monetary theories behind current financial systems and their flaws. They delve into the importance of understanding economic fundamentals, the role of central banks, and the concept of 'good deflation.' Paul also shares his personal investment philosophy focusing on high-quality equities, diversification, and the challenges of staying disciplined in a volatile market. The conversation raises provocative questions about inflation targets, the role of Bitcoin, and the sustainability of current financial practices.Click here to view the episode transcript. 00:00 Debunking the 2% Inflation Myth 00:09 Introduction to Barenaked Money Podcast 00:17 Meet Paul Uson: From Corporate to Independent 01:19 Paul's Book: Capital Offense 01:56 Understanding Economic and Monetary Theory 07:10 The Role of Government and Finance in the Economy 13:52 Investment Strategies and Diversification 25:25 The Debate on Bitcoin and Asset Classes 28:09 Comparing the Tech Bubble to the AI Boom 34:33 The Case for Good Deflation 37:45 Conclusion and Next Steps