3min chapter

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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles

Lex Fridman Podcast

CHAPTER

The Importance of Inflation in the World

Price is a data packet on supply and demand. It's telling you how much supply there is of something in the world relative to the demand. So when you print money and artificially increase that price, it's diverging away from supply and demand," he says. "It's becoming just a more of a product of policy than it is of free market fundamentals"

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