


Episode 7: A Conversation with Ronald Wayne
Episode 7: Overview
Dr. Tracy Emerick speaks with Ronald Wayne, Apple’s lesser-known co-founder, about two themes: the future of money and the early days of Apple. Wayne critiques the shift to fiat currency after Bretton Woods, warning of inflation and urging a return to gold and silver standards, with practical advice on investing in pre-1965 silver coins as a hedge.
He also reflects on his role in Apple’s founding—designing the Apple I manual, logo, and documentation systems—while offering candid insights on Steve Jobs’ relentless vision and Wozniak’s technical brilliance. Together, they formed a powerful team, though Wayne chose to step away before Apple became a corporation.
Key Points Discussed
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Fiat Money & Inflation: Wayne warned that abandoning silver and gold standards has fueled long-term inflation, projecting a potential economic crash without reform.
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Bretton Woods Legacy: The 1944 move away from gold was, in his view, a critical error with lasting global consequences.
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Gold & Silver Hedge: He recommended investing in pre-1965 silver coins and gold as protection against financial instability.
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Mechanics of Inflation: Inflation reflects declining buying power from money supply growth outpacing goods and services.
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Founding of Apple: Wayne joined Jobs and Wozniak at Apple’s start, contributing the first logo, documentation, and early guidance.
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Steve Jobs’ Traits: Jobs had vision and drive but lacked diplomacy, often pushing collaborators intensely.
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Jobs & Wozniak Synergy: Their complementary talents made Apple’s rise possible, though Wayne chose to step back before it became a corporation.
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