Demographics, debt, debasement.
That's the entire game. Aging population → less workers → slower growth → governments borrow to keep things moving. Debt piles up because there's no other option.
Was never getting paid back. So they debase instead. Print more every year. Each unit worth a bit less. Slow enough most people don't catch it.
That's the real hurdle rate for your money. Long run, only two things have cleared it: $crypto and tech.
But that's just part one. The Exponential Age is when everything goes vertical at once. End state? The Economic Singularity. Everything changes.
Never had it all in one place before. Now it's in a book. Out Nov 3rd.
That's the entire game. Aging population → less workers → slower growth → governments borrow to keep things moving. Debt piles up because there's no other option.
Was never getting paid back. So they debase instead. Print more every year. Each unit worth a bit less. Slow enough most people don't catch it.
That's the real hurdle rate for your money. Long run, only two things have cleared it: $crypto and tech.
But that's just part one. The Exponential Age is when everything goes vertical at once. End state? The Economic Singularity. Everything changes.
Never had it all in one place before. Now it's in a book. Out Nov 3rd.