If you had put a hundred thousand dollars in this house you would have 305x return over 92 years.

But if you had put the money a hundred thousand dollars in a safe deposit box and buried it in the basement, you would have lost 99.7% of your wealth over the same time period. So the expansion of the currency creates a massive inefficiency in the society — what I’ll call an adiabatic lapse. what we’re doing is we’re bleeding the civilization to death.

This is why money is so bizarre; let us say that you just took $1 billion, and put it into a very simple 10% yield fund. Your money will naturally grow, $100 million a year — by sitting on your butt and doing nothing. And that number will continue to expand indefinitely.

10% of a billion dollars is $100 million.