I’ll have to give this a listen. Deflation would be a much more hilarious outcome imho.
https://m.youtube.com/watch?v=2LuCV1N_z0U Saifedean seems to be the lone voice that disagrees. Here at 43:45, slides 26-34, he makes a case for why increased reservation demand for Bitcoin at the expense of reservation demand for bonds has a deflationary impact on fiat supply. Also to note, reduction in fiat demand doesn’t cause hyperinflation, only rapid fiat supply increases that are disconnected from credit creation. Highly under-viewed presentation.
Discussion
Definitely recommend this episode. I’m partial to asymmetric opinions when 99.99% of people seem very confident…