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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
What Do You Think Inflation Rates Been for the Past 100 Years?
Lexus: A conventional view of inflation as CPI understates the human misery that's inflicted upon the working class and on mainstream companies by the political class. And so it's a massive shift of wealth from the working class to the property class, he says. Lexus: If you look at what's going on, really, when you're holding a million dollars of stocks and you're getting a 10% gain a year, you're really good at 7% expansion of money supply.
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