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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
Is Inflation a Drug?
I think of inflation as the snooze button on the alarm. With inflation, you're essentially giving the people that can print money a way to dampen the disincentives they face. So it destroys feedback loops, I guess you might say. And another way to look at this is when you, so using inflation, using quantitative easing, you can decrease short-term volatility in the marketplace.
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