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149. Superabundance with Gale Pooley

The Bitcoin Standard Podcast

CHAPTER

Are Your Wages Going Up Over Time?

When you first have this new money that's created, it's tend to show up in in people trying to grab the money and put it into something that they hope is going to hold this value over time. The problem with those two things is all this new money is trying to chase return and purchasing power. That has been one of the huge downsides of this fiat world that we we live in. We also note that over time, wages tend to catch up and exceed those changes in in money prices, which make the time price go down.

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