Jimmy Song (송재준)(@jimmysong):When money isn't worth holding people hold other things like real estate, which in turn causes them to inflate in value. This, in turn, means less development of real estate as the threshold to development profitability gets higher and higher. Fiat incentivizes less development.

Jimmy Song (송재준)

@jimmysong

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Jimmy Song (송재준)@jimmysong

2026.08.17 18:36

When money isn't worth holding people hold other things like real estate, which in turn causes them to inflate in value. This, in turn, means less development of real estate as the threshold to development profitability gets higher and higher. Fiat incentivizes less development.