Chapter
Interference Of Government Policies In Free Market And Currency As An Asset
36:11 - 44:48 (08:37)
The policies promoting supply chain independence, energy policies, labor policies, trade policies to medical policies, every policy interferes with the free market's rational actor. Currency serves as an asset to move monetary energy around, and all government policies are generally inflationary and inflammatory.
Clips
The closed system lapse occurs when no energy can enter or exit a container, causing the energy per volume to decrease and temperature to fall.
36:11 - 37:43 (01:32)
Summary
The closed system lapse occurs when no energy can enter or exit a container, causing the energy per volume to decrease and temperature to fall. This can happen when energy is drained from the body, impacting performance.
ChapterInterference Of Government Policies In Free Market And Currency As An Asset
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
The pursuit of supply chain independence, energy policy, labor policy, trade policy, and other government policies interfere with the free market and prevent rational actors from performing in a more efficient way.
37:43 - 40:11 (02:28)
Summary
The pursuit of supply chain independence, energy policy, labor policy, trade policy, and other government policies interfere with the free market and prevent rational actors from performing in a more efficient way. Inflationary government policies, such as increasing the currency supply, decrease the fluidity of the economy by taking away energy from it.
ChapterInterference Of Government Policies In Free Market And Currency As An Asset
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
We have historically not paid for wars or other government actions with taxes because it is too painful to transparently raise taxes to cover the costs.
40:11 - 42:08 (01:57)
Summary
We have historically not paid for wars or other government actions with taxes because it is too painful to transparently raise taxes to cover the costs. If we want to make changes such as manufacturing semiconductors in the US instead of China or shutting down the economy for a year, we must be willing to pay for it through taxes.
ChapterInterference Of Government Policies In Free Market And Currency As An Asset
Episode#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
PodcastLex Fridman Podcast
The podcast discusses people who overestimate their accomplishments, as well as the impact of increasing the currency supply on prices.
42:08 - 44:48 (02:39)
Summary
The podcast discusses people who overestimate their accomplishments, as well as the impact of increasing the currency supply on prices.