A Brief History of Money and Bitcoin with Brian Estes (WiM172)
The "What is Money?" Show
00:00
What's Going on With Asset Prices?
"I think that everything bubble is you look at the household net worth compared to g d p," he said. "Your value should be commensurate with your output, and it was like thattil 19 71." But since then, his note says, 'the household value has grown ma dramatically faster than your output' And what's causing that is, no, it's the printing of money, but it's or our assets are worth more cause it incertrates are near zero, and so it pushes up asset prices".
Play episode from 16:40
Transcript
