Guest Episode: Power Hour w/ Alex Epstein
The Bitcoin Standard Podcast
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Why 18 Year Olds Shouldn't Get Into Debt
With fiat, the way that it is mined is through the issuance of debt. So every time you get into debt for anything, somebody is issuing new debt and making new money. And so in a sense, when you tell 18 year olds, here's a very low interest rate debt and go spend four years in a fun environment,. I mean, it is a good deal. You're going to meet interesting people. It can be really expensive. A lot of people now are beginning to realize this. They lived like King during their college years because they had all this cheap creditThat's why nobody pays cash for a house. Everybody pays in debt.
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