Balaji Srinivasan

just like communism is bad for Russians.

And a lot of people in cryptocurrency understand that.

They understand that it's unhealthy.

And they also understand that they need to kick the habit at some point.

And in fact, they are being forced to kick the habit because in the absence of a counterforce to Keynesianism, what happens is they don't just take 10% of the wealth and

They take 30% and 80% and then 99% because they can print infinitely, right?

I want to land the plane.

I want to land the plane.

And so the thing is, um,

It is hard to have binocular vision because like if one is on, let's say, center right in America, you're basically going to see China as bad because it is bad for the center right American on balance.

And if you're center left or left, you're going to see the Internet as bad because it is bad for Democrats on balance from a jobs and stature standpoint and so on.

Right.

However, I would say that

When, just to address two quick points, let's come back up the stack.

When China prints money, it is also doing an asset seizure, right?

Because just like Keynesianism, the difference is,

They don't have a global reserve currency.

So it's basically just like a tax on their own people, number one.

So that's a big difference.

They're not exporting it to others.