AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
128 - Scariest Macro Setup In 20+ Years | Luke Gromen
Bankless
The Debt Back System
With a debt back system, you can't go through any extended period of deflation without creating a systemic risk. You keep bailing out mistakes rather than letting them work themselves out in a deflationary manner. So it really becomes a case of this. It really is human nature. Where you set up the system, it makes a lot of sense up front, but there's very little political incentive amongst either the political class or the voters that elect them to change anything until there's a crisis. And unfortunately, u here we are.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode