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Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

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The Old Business Management Bias VB

The Fed printed so much money that their normal source of commercial loans went away and the Fed told them the interest rates remain low forever. Commercial loans are going down, right? That was the August 2021. This is August 2021. If credit gets crushed and the banks fail, the man goes down. It's deflationary, not inflationary. Everybody had to maintain that inflation was going to be low, are great Fed because they've got all these Fed licenses. Every hint of contrarianism had been leached out of the system. So what happened was the old business management bias VB.

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