{"type":"rich","version":"1.0","title":"Hanshan wrote","author_name":"Hanshan (npub1lx…6svxa)","author_url":"https://nostr.now/npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxa","provider_name":"njump","provider_url":"https://nostr.now","html":"i completely agree with that.\n\nbut let me ask what happens in a highly inflationary environment when Cantillionaires get a shitton of new money?\n\ndo you agree Nvidia is accurately valued?\nwhat about Tesla?\n\nthe new money seeks the highest-perceived returns. it creates an overbought condition over the entire upper layer of the economy. eventually that new money decide to exit and crashes the market.\n\nin such a situation people arent aware the price they see in the chart\nisnt the \"honest price\" or real social utility of the item.\nits because a bunch of degen gamblers think itll go higher.\n\ni think not understanding that is a problem.\n\nyou can call it the free market functioning if you like,\nand you're not technically wrong.\n\nbut prices are fucked on a fiat standard."}