Macro Hang #2 w/ Jeff Booth, Preston Pysh & Greg Foss
Bitcoin Rapid-Fire
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A Debt in an Inflationary Environment?
Am debt takes on a different perspective. In a capitalist system that uses such high leverage, like banks being 25 times leverage, they need inflation. And that's what happens in an inflationary environment. If big n ushers in a deflationary lending standard, you'll see much less leverage in the system,. The difference though, is, how do you price that? and i'm going to toss that question to preston and its. It's an open market process. There's no other way to do it. You can't centralize that. A symmetric trade opportunities, or a symmetric investment opportunities, define your career. O get a whole lot of chances to get into one
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