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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
Government and the Currency Supply
I think a lot of people overestimate what they can accomplish and experience, experience in life causes you to reevaluate that. As the ambition of the government expands, so must the currency supply. So as you increase the money supply, then the price of all those scarce desirable things will tend to go up rapidly. And the confidence of all of the institutions, the corporations and individual actors and trading partners will collapse. It's an overconfidence that causes an over exuberance in pursuit of policies.
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