WiM009 - The Saylor Series | Episode 9 | Economics, Inflation, Interest Rates, and Natural Competition

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin. 00:00:00​ - Episode Trailer 00:01:06​ - Swan Bitcoin 00:03:22​ - Robert’s Intro Economics 00:06:46​ Science of Infectious Disease, Sterilization, & Antibiotics 00:08:33​ Economics with Dirty Money Defective Money is Toxic 00:09:33​ Meditations on Toxicity as a threat to life 00:11:33​ Inflation Myths & Misconceptions 00:12:33​ Jedi Mind Tricks in Economics –“No Inflation Here” 00:13:33​ Early Retirement in your Consumer Basket 00:15:06​ Questioning Basic Premises of Economics 00:15:23​ “We can’t tell people what to think, but we can tell them what to think about” 00:15:33​ 30 year Bond calc – Mistake Inflation & Interest Rates 00:17:09​ Inflation Coefficients & Drivers 00:18:49​ Scarcity in Real Estate & Goods 00:19:59​ Agreement on bleeding George Washington to death 00:20:33​ Energy content in products, services, & assets 00:23:33​ Cherry Picking the Inflation Bucket for CPI 00:25:02​ Obscene Asset Inflation 00:26:33​ Scarce= High Energy Value 00:27:07​ Inflation is Theft, but most don’t realize this 00:28:26​ Inflation is Freezing to Death 00:31:00​ Real Yields vs. Asset Inflation Rates 00:31:52​ Storing Value in Equity & Debt 00:34:47​ Why do Stocks always go up? 00:37:27​ Big Tech vs. the entire Equity market 00:38:14​ Darwinian Competition 00:40:04​ Humility & Stoicism 00:41:54​ Challenges of Competing & Commercializing Acquisitions 00:43:52​ The Law of Decimation & Murphy’s Law 00:45:14​ Underestimating the cost of maintenance on assets 00:45:47​ Dangers of Youthful Ambition & Empire Building 00:47:33​ 10% tithe as a continuing theme 00:49:11​ Words don’t matter – Actions matter 00:49:31​ Paradox of Marcus Aurelius & Imperial Virtue 00:52:03​ Marcus Aurelius & the Crypto Keys to Empire 00:53:53​ There is always time to snatch defeat from the jaws of victory Natural Competition 00:54:50​ Darwinian Vitality & Antifragilty 00:55:29​ Terrifying Natural Beauty 00:56:11​ Everything is at its finest when tomorrow is uncertain. 00:56:23​ Ants at War on a Sunny Day 00:57:52​ Lions & Antelope on Television 00:59:18​ Dynamic Equilibrium & Ecosystem Health 01:00:53​ Paradox of the Engineer vs. Zookeeper 01:01:30​ Easter Island Ecosystem Collapse 01:02:10​ Free Market is Economic Expression of Darwinian Equilibrium 01:03:33​ - Robert's Outro 01:42:27​ - End -- See My Work: https://linktr.ee/breedlove22​ Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Stack sats: https://www.swanbitcoin.com/breedlove/​ Twitter: https://twitter.com/Breedlove22​