Curtis Yarvin & Dave Smith - Episode #241
"YOUR WELCOME" with Michael Malice
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Bankruptcy Is Like Running a Marathon Up of a Mountain
In a bankruptcy everyone who's been promised money by this thing gets kind of the same amount and that's sort of best done by creating a lot of equity which is sort of the normal procedure in a bankruptcy. The alternative to this approach is basically if you take the really orthodox mycesian approach and say okay the fed can no longer create dollars like we're gonna freeze the money supply unfortunately what happens if you freeze the money supplies it's sort of like saying you know the last time this worked and it genuinely worked was in the crash of 1922 financial inflation i mean prices dropped a lot there was a huge deflationary shock.
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