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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
The Crude of the Model, the Easiest to Tell a Narrative
Inflation is some kind of like emergent phenomena, this narrative thing that would tell ourselves. Like the cruder of the model, the easiest to tell a narrative about it. The majority of economists would say 2% inflation a year is good. So when you're inflating the money supply at 7%, but you're actually calling it 2% because you want to help the economy, you're literally bleeding the free market to death.
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