(from ref_saylor-on-buying-bitcoin-with-his-balance-sheet_michael-saylor_pomp-podcast);
Asset Inflation. Netflix, youtube, candy bars made by robots - these things aren’t getting inflated. scarce things are: you want property in NY or ivy league education. things you want are going up 7%.
if you want a $50,000 year yielding bond, used to cost $1M, now it’s $10M. Asset Inflation. A different kind of inflation than may be discussed.
the cash-sitting-in-the-bank yields started dwindling. this is noticeable when you hold a lot of cash. eventually to near-zero.