Originally aired on
Shimon and Alex talk to Lawrence Kotlikoff, Economics Professor at Boston University, about the recent Silicon Valley bank debacle, the response from the federal reserve, and what it means for the price of Bitcoin and stocks. Are we about to see a large amount of money printing, or will the federal reserve be able to sustain interest rates at high levels?
In this episode, Shimon discusses the concept of economic growth and how it is measured. He critiques traditional methods, such as GDP and Consumer Price Index, as flawed in their ability to accurately measure value. The discussion is prompted by a fascinating paper on artificial intelligence that demonstrates the ability to create highly realistic avatars. Shimon argues that value is determined by the sum of all benefits received, rather than relying on traditional economic measures.