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Preston Pysh & James Davolos | Bitcoin, Inflation, and Hard Assets | Swan Signal E97
Swan Signal Live - A Bitcoin Show
The Moral Hazard of Investing in the Economy
"There's an implicit assumption from everybody buying the S&P 500 that if something horrible goes wrong, the bazooka comes right back out and they've got my back," he says. "What they fail to realize is that this is a form of debt slavery," James Carville adds. The current currency standpoint is so unprecedented that people don't think what they're up against when they're trying to do a startup without massive venture capital in their pockets, he says.
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