X @Nick Szabo

RT Bob Dewey (@macroleverageTP)@saifedean and I discussed how fiat changes human time preference. His new book The Gold Standard explains this brilliantly.Here’s Lyn Alden showing exactly how that happens:“When money supply grows faster than resources, debt becomes rational. You short the money to buy real assets.”Clip below from our gold roundtable.h/t @LynAldenContact, @BobMurphyEcon, and @thetrocro ...