#434: Capital in the 21st Century with Allen Farrington
TFTC: A Bitcoin Podcast
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The Future of Money
I think the change is probably even bigger and I'm a little hesitant to be too deterministic about exactly how people will behave. What I mean by that is that, as you point out, money will actually be useful as a store of wealth. They won't need to larp into stocks and bonds or whatever other potentially more exotic, or ridiculous thing just to try to preserve purchasing power. But whatever portion of their savings they do deem to be worth risking, it's almost obvious from the way I've set this up that that will become more scarce. It'll end up going towards something with a more well thought through, let's say, long-term vision of what it's supposed
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