This is one of Saifedean’s most important statements.
Economic growth does not require an expanding money supply as MMT suggests. Growth increases the purchasing power of the money that already exists.
Printing more money transfers purchasing power from those who hold it to those who create and receive the new money first.
That is theft.
🤖 Made with AI
Replying to @PerBylund @thedailyeconomy
Per, I may have to put this paragraph on my wall.
Our obsession with counting corporate “jobs” risks prompting governments to protect the old economy at the expense of the new one.
People want to make a living, not necessarily have a job. AI could make that easier by freeing us to create value in ways our employment statistics won't capture.
A $6.3 billion crypto theft. A $120 million wallet vulnerability. And 25 volunteers using AI to find 10,000 potential security flaws.
AI is changing cybersecurity for attackers and defenders alike.
My conversation with @Rob1Ham explores why the next few years could be dangerous—and why the internet may ultimately emerge safer.
open.substack.com/pub/robert…
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After the Coldcard hack was confirmed, @Rob1Ham ran the code through an open-weight AI model. It found the exploit for about $1.
AI is dramatically lowering the cost and expertise required to discover security vulnerabilities.
Rob expects a turbulent year or two as attackers and defenders adapt.
Our full conversation covers the $6 billion Binance hack, AI-enabled attacks, and the future of Bitcoin security.
youtube.com/watch?v=MUt4K_SY…
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A single developer's laptop could modify the software controlling billions of dollars in crypto assets.
@Rob1Ham explains what he believes was the fundamental failure behind the $6 billion Binance hack.
America's closest allies cut their net purchases of US Treasuries by more than 60% in the first eight months of 2026.
How much longer can the US count on the borrowing advantage that comes with issuing the world's reserve currency?
I revisited my conversation with @LynAldenContact and examined five indicators of the dollar's resilience and the pressures building against it.
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Replying to @natbrunell @nic_carter
The economics of quantum computing deserve more attention.
See below how incentives are likely to influence the winners of the quantum computing race.
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Students are making six-figure college decisions with remarkably little individual guidance.
Meanwhile, AI is making the careers they're preparing for less predictable.
Could AI itself help students navigate those choices?
My latest essay explores that possibility, and an entrepreneur who's trying to make it happen.
🤖 Made with AI
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