Economics
Interest Rates, Dollar Value, and Their Implications
The last instance of comparable interest payment burden to the present was in the late 1984 to early 1985 period.
The last instance of comparable interest payment burden to the present was in the late 1984 to early 1985 period.
In the grand scheme of history, we've only just begun to unravel our civilization. I'd date the start to the Progressive era a century ago, when totalitarian socialism gained the upper hand by making a devil's bargain with liberal democracy: give us control and we will let you sit on the throne.
Aleks Svetski joins the show to discuss the work he's been doing on Spirit of Satoshi, how AI models actually work based on his experience building one and whether or not AGI is an existential threat.
Once we reach the point where AI companies are competing on electricity price instead of access to machines the fight for cheap power contracts will become viscous and AI companies will need to have a bitcoin mining strategy to compete.
If humans are going to flourish moving forward, nuclear energy is going to need to proliferate across the world.
Unfortunately, at the moment it is hard to build out more reliable energy infrastructure because the unreliable infrastructure is being heavily subsidized, which is artificially manipulating opportunity costs and pricing new reliable generation sources out of the market.
The last instance of comparable interest payment burden to the present was in the late 1984 to early 1985 period.
In the grand scheme of history, we've only just begun to unravel our civilization. I'd date the start to the Progressive era a century ago, when totalitarian socialism gained the upper hand by making a devil's bargain with liberal democracy: give us control and we will let you sit on the throne.
Aleks Svetski joins the show to discuss the work he's been doing on Spirit of Satoshi, how AI models actually work based on his experience building one and whether or not AGI is an existential threat.
Once we reach the point where AI companies are competing on electricity price instead of access to machines the fight for cheap power contracts will become viscous and AI companies will need to have a bitcoin mining strategy to compete.
If humans are going to flourish moving forward, nuclear energy is going to need to proliferate across the world.
Unfortunately, at the moment it is hard to build out more reliable energy infrastructure because the unreliable infrastructure is being heavily subsidized, which is artificially manipulating opportunity costs and pricing new reliable generation sources out of the market.
If you're looking to get smarter on global energy markets, this is the episode for you.
Embrace the prolonged bear market. It will be remembered as one of the greatest opportunities to convert your fiat to bitcoin that has ever existed.
Do not bend the knee. Ridicule the Maoists and do it with pride.
A lot of hard lessons were learned by people across the world in 2022.
Don't give in to their fear tactics.
