3min chapter

Not Investment Advice cover image

104: Balaji $1m Bitcoin Bet, Banking Crisis, Ryan Reynold’s Business Empire & GPT-4

Not Investment Advice

CHAPTER

I Will Bet You a Million Dollars, That Won't Happen

A man has bet a million dollars that the U.S. Federal Reserve won't print money again. The idea is to give confidence to US banks and other global financial institutions, he says. But economist Noah Smith argues this could lead to deflation in the economy if all of them crash.

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