Balaji Srinivasan

Right.

So you went up nominally from one unit of stock to two units of stock, but you went down percentage wise from one.

one out of 10 to two out of 100, right?

So your nominal went up from one to two, but your percentage went down from 10% to 2%.

That's exactly what's happening with inflation.

People can understand it when it's dilution on a cap table, right?

Fine, okay, you're right, but...

I know what you mean.

You know what I mean?

So the thing is, it's just abstract enough that when, for example, when people are at Chipotle, okay, I don't know if you've seen this phenomenon of people videotaping the guy at Chipotle because they're not giving them enough guacamole.

Okay.

Well, the common man just sees all of these corporations trying to nickel and dime them and give them less guacamole for the same amount of money, hitting them with shrink inflation in terms of packaging, the quality of food is going down, the quality of service is going down.

They're seeing all that and they're thinking these corporations are getting greedier.

What they're not seeing is that both the individual and the company, which is, of course, also run by individuals, have both been robbed by the Fed.

So both having to do more with less.

And so every economic relationship, the Fed has stolen 10 percent from the economy with that print.

And it's left everybody else to fight over the scraps.

And it does it again and it shrinks the amount of wealth.

But it does so invisibly because it's stealing it for itself.

That's why I say Keynesianism is communism, but for wimps.