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779: Max Wright: The Bitcoin Bungee Theory
Cashflow Ninja
The Impact of the Money Print on the Economy
In order to be five, get to five 80% of your workforce you're still producing the same amount of goods or more. What that means is competition should make the cost of those goods go down. And what happens is those people who are now unemployed, when the cost of living goes down by 80%, they can pick up a little bit of work here and there. The money printing is going to steal all of the value that it would have brought. It's going to do so quickly in advance that we never get to feel the benefits of those kinds of things.
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