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#425: Fiat Crisis with Balaji Srinivasan
TFTC: A Bitcoin Podcast
The Importance of Time Series Similarity in History
Dahlio: The further away you get from a crushing global sovereign debt crisis and deleveraging paradoxically the closer you get to the next one because people become incautious right they just assume it. He shows two graphs of China's steel production which looks like the total oppositeGraphs can be used as historical analogies, he says. Dahlio: People are just totally unrealistic in some ways i think but sometimes these graphs are helpful to help anchor them.
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