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Is There a Bottom Up Solution?
If gold is money, when you have growth, you get deflation. Prices come down because the gold is always that rarest, longest lasting thing. So when you produce more things relative to the gold, that means the price of those things declines. Conversely, whenyou have a slowdown in economic activity relative to a past point, the prices are going to rise. And it's a concept that's so hard to conceive of, we've lived with inflation for so many years now.