AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
The Ripple Effects of Inflation
Inflation distorts price signals, which means it confuses capital allocation. It suppresses innovation because now you've exacerbated the boom and bust business cycle. By letting prices decline naturally over time, we can actually induce civilization. But by trying to force prices higher all the time via the central bank, we're creating the opposite effect.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode