16min chapter

The Café Bitcoin Podcast cover image

Ray Dalio's Comments on Bitcoin and Money with Pierre Rochard and Swan Private Macro Friday - February 3rd, 2023

The Café Bitcoin Podcast

CHAPTER

The Fallacy of Stable Prices

This chapter questions the desirability and possibility of stable prices, arguing that they may hinder market responses to supply and demand fluctuations. It explores the difference between microeconomics and macroeconomics, highlighting the role of individual decision-making in resolving high prices. The chapter also challenges the logic of maintaining constant prices in the face of innovation and productivity gains.

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