125. Why Balaji Is WRONG About Bitcoin and Hyperinflation
Alfalfa Podcast
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The Irresponsible Versus Responsible Man
I think his character stands the test and proves that He really has very little to gain from this. I like this point of like It's irresponsible versus responsible the man feels a responsibility And that appears to be if we take what he's saying at face value. The idea that you go from nothing to hyperinflation in 90 days is not supported by anywhere that I can ever find in history. Most of the dollars floating around out in the system come about through fractionalized lending. In rapid deflation all assets crash like the monetary supply.
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