AI Snips
Chapters
Transcript
Episode notes
Bubble Theory of Money
- Money is a store of value, transferring purchasing power to the future.
- It's a coordination problem; one dominant money is the stable state, like a bubble.
Monetary Dilution
- Monetary dilution drives demand for alternative monies like Bitcoin.
- Inflating dollar supply, like a rich person borrowing endlessly, harms the real economy.
Investment Advice
- Yarvin's investment advice during contracting markets is to hold cash.
- Everything will contract relative to cash, including Bitcoin.