Alfonso Peccatiello, author of The Macro Compass, welcomes Daniel Lacalle, chief economist at Tressis, to discuss inflation and, more importantly, strategies to protect investors from eroding purchasing power. The pair analyzes inflation occurring in both the Eurozone and the United States, and Lacalle notes that real wages have suffered before the pandemic and continue to suffer from the increased stimulus. To protect one’s hard-earned savings, Lacalle argues that a portfolio should include gold, cryptocurrencies, and equities in secular growth sectors. Additionally, he and Peccatiello dive into the benefits and drawbacks of central banks implementing digital currencies. Filmed on July 13, 2021.