Chapter
The Case for Perfect Information
20:42 - 33:32 (12:50)
The monopolization of money by those in power allows for control of people's energy and perceptions, and inflation can be seen as a snooze button on the alarm of perfect information.
Clips
The discussion explores how the concept of space and time will be contested in the future, especially as we begin to look to other planets and areas of space as assets to be owned and claimed by human beings.
20:42 - 25:02 (04:20)
Summary
The discussion explores how the concept of space and time will be contested in the future, especially as we begin to look to other planets and areas of space as assets to be owned and claimed by human beings.
ChapterThe Case for Perfect Information
Episode#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
PodcastLex Fridman Podcast
The primary role of government in a tech-driven economy should be limited to protecting people's liberty and property rights without expanding their control on the monetary system.
25:02 - 28:03 (03:00)
Summary
The primary role of government in a tech-driven economy should be limited to protecting people's liberty and property rights without expanding their control on the monetary system. They should exist as a security guard for the economy while not controlling the money supply to avoid controlling people, their energy, and perceptions.
ChapterThe Case for Perfect Information
Episode#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
PodcastLex Fridman Podcast
Inflation allows those who have the power to print money to temporarily avoid disincentives, although in a perfect information world, inflation would not be necessary and would be equivalent to theft.
28:03 - 33:32 (05:29)
Summary
Inflation allows those who have the power to print money to temporarily avoid disincentives, although in a perfect information world, inflation would not be necessary and would be equivalent to theft. Dictators often inherit inflationary societies and aim to return to a hard money standard to stabilize the economy.