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Part 1: Pomp On Balaji's 90 Day Bitcoin Bet, Digital Catastrophes, And Failing Banks
My First Million
Is There a Counter Argument to COVID?
The main argument is that if you go back to the beginning of 2020, the economic and financial system was like pretty good. When people get scared and they're fearful, there ends up being something called a liquidity crisis. And so when these liquidity crisis happened, all assets went down and the dollar becomes stronger. Central banks and governments have to make a decision. They can say, hey, we believe in the free market, we're just going to like let this play out. Yeah, it'll be painful in the short term, but the free market will sort itself out over time. We're going to kind of step in. But I disagree that many times they should probably not step in
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