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#32 - Jeff Booth: Bitcoin is the Answer to a Broken System
Closing the Loop
Is There a High Cost to Capital, a Low Cost to Debt?
You get a lot of crap produced in a market because capital is so cheap, the criteria is very low for producing something. The value that people ascribe to it doesn't have to be that high because you can produce it so cheaply. So I would think that that's going to produce a market where the goods we see in a market of higher quality are appealing to things that we determine are more important,. Yeah, I suspect so. But we have to also realize that the market chooses what we want. A lot of times we'll choose something that's a lower cost even if we throw it away.
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