I have a question about the proof of the inequality. The well known result stats
Let $Z$ be a RV and let $0<s<t$. Then
$$E(|Z|^s)^{1/s} \leq E(|Z|^t)^{1/t}$$
The proof follows almost immediately from the Holder Inequality
$$E(|XY|)\leq E(|X|^p)^{1/p} E(|Y|^q)^{1/q}$$ for $1<p,q$ such that $1/p+1/q =1$. Taking $Z=|X|^s, Y=1, p= t/s $ we can derive the Lyapunov's inequality.
even though it's not mentioned , I think one must assume that $E(Z) =E(|X|^s)<\infty$ to apply the inequality . However, I'm not assuming that in my hypothesis.
My question is, what happens if $E(Z)=\infty$? Does the inequality still holds? In other words, $E(|X|^t)=\infty$ as well? (If $1<s<t $ it follows easyly but I don't know how to argue in other cases)