Inflation isn't just goods and services, it's also assets. And so when you have a fixed quantity of money where the money supply doesn't change, prices moving up or down are pure signal. There's no noise. There's just a signal about the supply and demand about the relative scarcity or abundance of something versus everything else. That would allow a transfer of ownership of assets from the incompetent to the competent.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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