47. Fiat food
The Bitcoin Standard Podcast
00:00
How Much Do You Discount the Future?
If you have a low inflation or hard money to put your wealth in it, then you're able to utilize your land in a way that maintains the land for the long run. Now when we move to an inflationary form of money and you don't have an easy way of saving for the future, you start discounting the future more. So grazing cattle and maintaining the soil for 50 years becomes less and less attractive. What becomes more attractive is raping and pillaging the soil for 5, 6, 7 years and making a lot of money. Once you see it, you can't unsee it and so that's going to be the topic in the Enfiat food chapter which you
Transcript
Play full episode
