34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
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The Cost of the Currency Debasement
If there's $500 trillion of monetary assets and you're debasing 5% of it a year, even there's $25 trillion. So I don't know, $50 trillion a year. It must be $50 trillion. If we could somehow calculate that number, if you really want to do something useful, calculate the cost of the infrastructure, the banking infrastructure, then the governmental infrastructure. The only way the stock can hold value is to expand the cash flows per share faster than the rate of money expansion. And so what you're doing is taking on a billion dollars of liabilities to actually pump the stock up and then you're impoverishing the company. Then when you hit a crisis
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