It’s cold in Texas, which means long hours on the indoor trainer. The crank spins over and over, a playlist of new music pumps into my ears, the mushroom gummies start doing their magic, and the rhythm of it all creates a state of focused introspection. https://t.co/TpBbKxZJ9X
I hadn’t planned to share this conversation, but it’s just too good to keep private. @JeffBooth gave me a brilliant, private Masterclass on inflation, deflation, and the problem Bitcoin solves. It completely transformed the way I think about these concepts, and I know it will do the same for you.
This is a must-watch — one you’ll want to bookmark and share with friends.
Timecodes:
00:00 I'm writing a book
1:54 Producitivity growth drives deflation
3:42 Explaining inflation
10:07 Natural state of free market is deflation
13:23 Why do some prices go up?
15:53 Why do prices drop?
18:26 History of inflation
28:45 Business cycles explained
32:54 Inflation is a lie
35:58 Examining inflation
38:48 Home prices and affordability
45:59 Bringing people out of poverty
46:39 Attacking the wealthy
52:31 US Dollar value
56:09 Inflation is wage deflation
58:22 Why don't companies pay more?
1:00:51 Quality of goods and services
1:03:41 Bitcoin as money
1:07:36 Does centralization mean confiscation?
1:09:04 Bitcoin and the US debt
1:09:49 Strategic Bitcoin Reserve
Twitter Founder @Jack says, “Do you want to work for free? Or you you want own something where you can build on top of it, you can control your story.”
“I can’t think of anything more exciting. We now have permissionless money and social media”
Russell bloody Brand @rustyrockets on absolute fire here (particularly at the end): Trudeau - Is This Your Liberal Hero? https://t.co/6DFdL8gOzA via @YouTube
Reporter: “It’s an action that you say they have taken, but you have shown no evidence to confirm that. [...] This is like - crisis actors? Really? This is like Alex Jones territory you’re getting into now.”
Must-watch exchange between @APDiploWriter Matt Lee and @StateDeptSpox.
Maddie was having a hard time moving forward after graduating from high school. This is my attempt at helping her reframe the question "why".
https://t.co/3SsO8OSbwM
This report by @business is just great! Congress ownership of tech makes tech regulations awkward! Guess who owns a ton of tech? @SpeakerPelosi
And will she regulate? So far, she's not keen to! She doesn't want to regulate tech. We wonder why...
>100 million dollars invested🤗