2min chapter

The "What is Money?" Show cover image

The Game Theory of Bitcoin Adoption with George Gammon (WiM280)

The "What is Money?" Show

CHAPTER

The Fed's Balance Sheet Is Going to Misallocate Resources to an Infinite Degree

In the future, I think that that lending. won't have anything to do with merit or your credit score or your ability to pay the loan back. Well, no, I think it'll be based on political narrative. You know, as well as I do, that that is going to misallocate resources to an infinite degree. And that's when you're going to get some massive economic distortions.

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