X @Nick Szabo
Nick Szaboยท2025-10-10 05:53
RT Matt Hougan (@Matt_Hougan)Debasement is like the dark matter of finance. You can't quite touch it, but it effects everything.Once you see it, all the strange stuff we struggle to explain -- like sky-high P/Es, soaring real estate, the struggling middle class, the massive gap between the GDP growth and the growth of househeld wealth ... instantly make sense. ...