Nik Bhatia keeps saying that creating new money increases productivity. I tolerated this nonsensical statement many times from Nik over the last year or so because I liked the rest of the content, but today was the last time. The podcast was enjoyable for a time, learned a ton about bond markets and still recommend it to people who want to learn about them, but now I’m out. I wish him well and hope he sheds his remaining Keynesianism.
Discussion
I think Nik’s main problem is the struggle to unlearn enough prior to learning.
You got it exactly right. Still like him a lot though, we all have flaws.
Does he mean creating new money as in Bitcoin is the new money or printing more fiat money?
The latter
he's still high signal despite some bad takes. clearest voice on bond and fed rate movement on the podcast scene but I understand
Yes. I got what I needed. Onwards to other podcasts.
Which podcast episode are you referring to?
100x growth from today, towards the end. Happens every couple episodes.
I've listened to him for a bit, I've never heard him say this albeit i don't listen to EVERY single episode like i do bitcoin audible. His pod is more like I've listened to everything else, I've got nothing left that i want to hear lemme check what nik has been doing