The practical approach to understanding the economy is to look at dollar flows instead of taking a point of view on topics such as modern monetary theory, Bitcoin and debt demand growth. The use of debt to demand growth on a macro perspective may cause significant stress and strain on the economy during periods of economic decline due to natural factors such as COVID-19.
The debate continues between backstops and modern monetary theory, as some predict the end of US supremacy and the dollar, while others believe printing more dollars and coins can fix the issue. The future may be plagued with a billion-dollar biology or a million dollar Bitcoin bet.
An investor doesn't see the current risk of hyperinflation and instead is focusing on the likelihood of the Fed printing more money and cutting rates, leading to a practical view on the subject.
The speaker argues against the disparagement of biology due to the repeated false predictions made by some individuals. They introduce their own theory, "bulgy light," which discusses the effects of spiking interest rates and references Tramothinks' predictions.