The fiat standard has brought with it a corruption of how humans interact with capital. Easy money has made the practice of capital misallocation commonplace and created a business environment of zombie companies focused on revenues instead of profits and productivity growth. As the world begins its transition to a bitcoin standard it is going to be imperative that individuals and companies alike begin approaching how they view capital, how it should be deployed, and how profits should be reinvested. Allen Farrington joins the show to discuss Axiom and a new essay they produced called, Capital in the 21st Century.
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