4min chapter

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#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism

The Tim Ferriss Show

CHAPTER

Governments Are Not Households

i argue that in many ways, american and western macro economics is as pseudo scientific as soviet economics was. i do think that in the medium term future, because of exit, because of global mobility, we have this tension now. The fact that some people can is enormous leverage on the system. It's just like, you know, steve bammer back when,. but when an executive left from microso to google, supposede, like, threw a chair or shoved a chair or something like that, everybody didn't need to leave gog enough people need to bleave that he was like, ok, this is real. Google is te real competitor.

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