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149. Superabundance with Gale Pooley

The Bitcoin Standard Podcast

CHAPTER

Is Your Model Valuable?

We've gotten in a lot of trouble relying on these models that were never empirically based. Malthus, for example, if he had looked at the price of red in England for the previous 100 years in population, he would have realized his theory was not supported by the data. I think it's not out of the question that we might have seen a 75% production in the price of oil from 1980 until now.

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