Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
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Is There a False Narrative of Inflation, or Is It Self Deception?
Nospa is not inflation. Think there's a lot of like, self deceit built into this fed wisdom of how to manage the money it with o c p iis not increasing, therefore there's no inflation. You can't even have a universal inflation metric like its very it's as subjective and dependent on the things you want to buy as value itself. The introduction of new currency into the supply is basically artificially harvesting the economic surplus. So we're creating economic surplus through trade and innovation, which would decrease prices for everyone in a hard money world,. But in a soft money world, or essentially managed money world, those gains are being centrally harvested by the monetary authority.
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