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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
The Stock to Flow Ratio Is 1.5 to 2 Percent
The stock to flow ratio, or supply growth rate, is around 60 percent. That would be like the inverse of the stock to flow. So that's a brilliant description and that kind of pushes towards gold where the stock to Flow ratio is 1.5 to 2 percent. But what about paper money? That's not, you can't smoke it, you can’t eat it. In that sense, what role does collective hallucination play in the effectiveness of money? Exactly zero. They've always taken fiat money, paper money, all of these things were always born out of fraud.
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