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Aug 8 2022

The CPI is a Jedi Mind Trick

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

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