David McWilliams

It's called The Almighty Dollar.

As you can imagine from the title, it's about the story of the almighty dollar, a currency that is never out of the news these days.

Brendan, how are you?

Great to see you.

a generous for both of us and b led me to speculate that so mark just for before we start on the almighty dollar martin luther's uncle uncles and fathers were speculators and silver mines in what is silesia in germany and they like most speculators won a bit and lost a bit and having lost a bit and having gone bankrupt luther himself

is sitting there thinking, hmm, who is making all the easy money here?

Certainly not my dad and my uncles who are investing and throwing all their capital, other people's capital at silver mines.

It's those guys in the church.

we've got this little scam going called selling indulgences.

And I was wondering, was Martin Luther's hatred of the Catholic or the established Christian church in some way related to the fact that his family kept going bust with silver mines?

I threw it out there and it has been one of the speculative punts that has generated most discourse.

So thank you, Brendan.

I robbed it from you.

Well, I tell you, you heard it here first, and then you read it in Money, a Story of Humanity, that in actual fact what sparks the Protestant Reformation was not some...

religious conversion to part of Martin Luther, but what made him such a cussed, obnoxious, little, angry shite was the fact that his parents had lost a fortune on money and the church was making easy money and he took it out on them and fuck it, did he take it out on them.

Brendan Greedy, the book is nearly out.

It has been almost delivered, The Almighty Dollar.

I want to get into some of the fantastic observations in it, which run counter to the established way we think about money and might lead our listeners to a little bit of clarity.

Now, the first way people think about money, or at least we learn about money, is that money is sovereign.

So some king comes up with some great idea.