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Patron Saint of Bitcoin: Michael Saylor | PBD Podcast | EP 128 |
PBD Podcast
What Happened to the Stock Market?
In essence, the fed printed forty % of all the dollars in existence in the 18 months that followed the pandemic. The value of the currency collapsed in the year. If you didn't own a portfolio of stocks, if you thought you were going to work as a dentist or a doctor, your business is shut down and no one's shown up to buy your stuff. And so what i realize is maybe the money supplyis expanding faster than zero or two % a year. I started on a search, and i discovered the bit coined standard and some austrian con economists. That's why the s and p index is appreciating at ten % a year for a decade. When i gave
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