#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
00:00
The Burden of Constantly Changing Money Value
The traditional notion of saving money as a safe endeavor has been disrupted by the constant fluctuation of fiat money, forcing individuals into a situation where they must essentially become investors or even gamblers. The balance between value investing and market analysis has shifted, with monetary policy now holding greater influence over the performance of individual companies. This places the onus on individuals to closely monitor central bank policies, understand macroeconomics, and grasp the workings of commodity, equity, bond, and real estate markets in order to safeguard their hard-earned money, creating an additional burden for professionals such as doctors, dentists, athletes, and engineers.
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