Watch the whole 21-minute video at http://www.goldmoney.com/krug-turk-interview. Steffen Krug (IFAAM) talks to James Turk (GoldMoney Foundation) about the reasons that he founded the Institute for Austrian Asset Management to combine value investing techniques with knowledge of Austrian Business Cycle Theory.

They talk about the dangers of fiat currency, inflation and how difficult economic calculation is when the unit of account is unstable and the price of money, interest rates, are distorted and centrally planned, not reflecting real free market supply and demand.

The interview was recorded on 14 May 2011 in Hamburg, Germany.