naruto on Nostr: I haven't read the book. Saifedean is a charlatan. The clearest evidence for this is ...

I haven't read the book. Saifedean is a charlatan. The clearest evidence for this is his past appreciation for the stock to flow model as a useful tool to predict Bitcoin's price. You can find his positions on it on twitter. The stock to flow model is irrational. Saifedean made asinine arguments in its defense before it was obvious the model "failed" to predict Bitcoin's price. The stock to flow model had no basis in economic principles (it ignored demand in the equation). To read "principles of economics" from a fool who makes irrational economic arguments (ignoring basic economic principles in so doing) is a fool's errand.