145. Ponzi hunting with Dylan Leclair
The Bitcoin Standard Podcast
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Fiat World Isn't Prepared Enough
I think Fiat World is nowhere near prepared enough and I think it's full of people that are just incapable of seeing the naked emperor. The right tail is like hyper-inflationary credit boom. And then the left tail in this fiat system or really an economic system is is deflationary bust, crash, money. You raise interest rates, they go bankrupt,. you have insolvency crisis, your credit is wiped out. If you drop interest rates, then you have an inflation problem - but you get paid back in devaluing currency.
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