Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by Nidig and produced and distributed by CoinDes.

What's going on, guys? It is Sunday, October 31st, Halloween. I didn't read Satoshi's

white paper this year because I think I did that last year, and I can't do it every year. But if

you want to do a Satoshi themed episode, I think either of the last few years that the podcast

have them. So go check it out and let me know what you think. But for today's Long Read Sunday, to do a Satoshi-themed episode, I think either of the last few years that the podcast have

them. So go check it out and let me know what you think. But for today's Long Read Sunday,

I am reading something big-minded, something kind of macro and about the future and about the

larger context that we're all operating within. The piece is by Paul Brody, who is the head of global blockchain at EY, and a regular

coin desk columnist. And he wrote a piece called We Are Already Living in a Post-Scarcity World.

More and more of what we consume has an effectively infinite supply. I think this is a supremely

important context for everything that we're doing

over here in the Bitcoin and Crypto World, so let's read this piece. One of the most hotly

debated topics in the world of blockchain and economics today centers on inflation and interest

rates and the future of the economy. Quite a few people believe the case for investing in some

cryptocurrencies is built on the likelihood

of future inflation, something they see as a near certainty given the combination of low interest

rates and quantitative easing.

Given that interest rates represent the cost of money, interest rates that are near zero imply

that money is, in a sense, free or very nearly free.

Consequently, there's a risk that people will use too much of it,

...