5min chapter

The Bitcoin Standard Podcast cover image

151. The ESG scam with Vivek Ramaswamy

The Bitcoin Standard Podcast

CHAPTER

The Reason Most People Invest Is Because They Can't Save

The reason most people invest is not because they want to be investing or that they have any business being investors, the reason they invest is because they can't save. If we had a hard money under the gold standard, the vast majority of people would focus on earning money by doing something productive and then saving in a hard money that doesn't require active management. You don't need to take a position on how Apple runs its company because you don't know anything about how Apple does its business. The fact that there's just so much money out there needing to be managed is why the investment management industry is somewhere between 10 to 100 times larger than it needs to be. In a hard money world

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