64. Fiat economic models
The Bitcoin Standard Podcast
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Why You Can't Control the World, but You Can Make Your Own Decisions
In equity markets, investment banks do what's called sell side research. They write reports on companies that they then try to get investors to pay for. And the funny thing about the price target is that you would think if this market worked well, your record of being accurate might have like a reputational benefit or cost. But every now and then somebody does sort of like a meta study or something very similar to the one that you just mentioned. The problems of the world don't stem from the fact that people are unable to control the world. In fact, they stem from them trying tocontrol the world and failing. If they would stop, that would solve the majority of the world's
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