My coworker: Fiat is probably the best money because it’s inflationary. Deflationary would destroy the economy. 5% inflation is probably best. That way if things get bad you take it down to 2%.
NGMI
Discussion
Someone's been consuming too much mainstream media 😅
College economics major… poor kid.
That book “The 7th Property” would probably be good for him to read them. Author was in a similar spot and mindset.
I’m sure Econ majors may just dismiss it as Austrian dogma like they always do.
I mean he’s sort of right. Deflation in a debt based system is probably disaster, which means moving away from that system…lol
Good suggestion!
Yep I’m not going to shove #bitcoin down their throats at work. The same as I don’t do that with my religious or political beliefs. If I get asked I’ll answer, otherwise I’ll keep things formal typically
I generally just drop a vague reference to it and if they want to go further they'll make that clear.
You're right to not force it.
Well trained NPC
Me: I think as we start to see an inflationary crisis we’ll see flight into hard assets. I’ll be looking for the hardest scarcest assets 😉😉
Him: nah I bet we don’t even have a recession.
