Oddbean new post about | logout
 When we quit Soviet Union and first faced inflation I knew it was a scam. I was still young and unexperienced, but this one was obvious. I thought it was obvious to everyone, and I also thought there was no escaping it, and also naively thought that the history books were true. That history made me think that despite everything, including inflation, life is better now than before. And this is what tricked me into not worrying about it, not even talking to anyone about it. I was just happy that now we were less beaten and less robbed than before. I assumed everyone thought the same thing. So I always knew fiat was rubbish, just did not think there was any escaping it. Still I am not certain that bitcoin will do it, but sure I am giving it a chance.