Loved this quote from Larry Lepard, addressing global leaders and presidents on the "Crossing the Chasm" panel with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m at nostr:npub1h493d0qgwhu95s82zd9sxrt3ckn3ttgvaf04z02neckadxw5fkvqte4cwz 2024

"We need to have a serious talk here, and the talk has to center around the fact that Keynes has driven us into a monetary cul-de-sac, and there's no way out. We're in a box canyon inside a plane, and we're going to crash into the wall. The reason is that the Keynesian system is built on fractional reserve lending, which requires increasing debt consistently in order to generate any form of GDP growth. We've gotten to the point at which the efficiency of that debt is extremely low, and so it's growing in a way that cannot be supported by the underlying GDP. Therefore, the two possible outcomes are sovereign debt collapse or very, very high rates of inflation, potentially hyperinflation. The money is badly broken, and we need to fix it in as fair a manner as we can for everybody, and that is to return to some kind of a sound money standard. Bitcoin, in my opinion, is the correct sound money standard."