SLP296 Saifedean Ammous - The Biggest Fiat Malinvestment
Stephan Livera Podcast
00:00
Wouldn't You Like to Hold a Bond?
Bonds are like what is has the least downside risk in in a fiac system. If you had hard money that would appreciate at five % in real terms, then your downside is capped to zero. You knowi remember your episode with the gregg foss when you were discussing, you know, if somebody looked at the balance sheet of governmentouow ignoring the romanticism of the fact that it is a government and ignores the fact that they have a money printer. The biggest mal investment in history is the bond market.
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