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WHY ARE WE BULLISH? Luke Broyles, Cypherpunk Cinema, CJ Konstantinos ep326
BTC Sessions
The Trust Part of the Bitcoin Debt Crisis
The trust part is not just a realization that, oh, we weren't thinking about this exponentially, it's realizing that we're actually being lied to. When interest rates go up, banks want to lend more because they're lending it at a higher rate. They're more profitable with less risk. So when the Fed sits there and the government tells you, we're going to fight inflation by raising interest rates,. The math doesn't, that’sjust going to create more inflation... It forces the government to print more money and it incentivizes the banks to expand more credit. And if you don't know your neighbors who lives above you, below you, next to you, whatever
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