Good article Mike! Do you see Bitcoin acting as a natural constraint for over lending or over printing of future fiat currencies? It seems to me that there could still be value in fiat currencies being used to facilitate transactions and creating liquidity, but Bitcoin being an outlet as a more reliable store of value would act as a natural constraint on this getting out of control as people would stop using the fiat currency if the lending and printing wasn’t reconciled to some extent to actual productivity gains
@jack mallers just listening to episode 7 of money matters. What you said about people being disappointed at not being able to have a Range Rover or diamond ring after having done 0 work is spot on. I think we’ve trained people to think they deserve stuff without work. I see and hear a lot of people saying they deserve things, but it’s rarely based on hard work. Most people who work hard use the phrase earned vs deserved. Plus sad as it is to say life is not equitable so there’s a bunch of people who deserve things but never get what they deserve. Not sure what point is here…thanks for making the podcast!
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