People are cheering MSTR like they are champions.
They are increasing the amount of money without increasing productivity. That either ends in massive losses or inflation.
Saylor is betting that the central banks and governments will choose inflation rather than raise interest rates to what they should be.
Either way, by taking advantage of the cantillon effect MSTR can create chaos and get away with it. Plebs are cheering the very game they are trying to destroy.
Central banks and politicians always choose inflation bc that has the least short term resistance within the people.
MSTR is legally exploiting the fragility and stupidness of the system. It is exposing a relatively simple idea with multiple facets. Saylor is a calculated genius and most plebs will never understand what or how he has done it. To understand his methodology one must do the work and most people can’t be bothered.
My guess is that this will explode further as he tries to infiltrate (and become the only game in town) Wall Street.
I’m comfortable he knows exactly what he is doing.
Oddbean new post about login | logout