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36. Michael Saylor, stock-to-flow, and praxeology

The Bitcoin Standard Podcast

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The Problem With Quantitative Economics

The crash whether we have a crash or not is orthogonal to the question of the stock the flow model. The key point that mise makes is that in economics there are no constants if you want to make measurements you have to have something that is constant that you measure things against. In the fiat economy they measure things in dollars well what's a dollar hmm interesting question how much is a dollar worth? We don't know and it's an index of prices in dollars and their evolution over time so you're measuring a rate of change in money. If bombavic and menga were still here today would they back the stock the blow model i can't really put words in their

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