Naval Ravikant

Naval Ravikant quotes on economics

Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList.

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1

⬆️ Environment, localism, borders, guns, DIY, right to try, science, tech, remote/gig work, universal healthcare, hygiene, autonomy. ⬇️ Urbanization, offices, globalism, mass transport, open borders, bureaucrats, 9-5, Feds. Tech-savvy farmers rising, urban socialites falling.

2

Objectively, the world is improving. To the elites, it’s falling apart as their long-lived institutions are flattened by the Internet.

3

A stimulus when the economy is shut down is more money chasing fewer goods and services. It‘s necessary to cover the gap, but leads to inflation. A stimulus after the shutdown can actually reignite true economic growth.

4

ICOs need regulation, sure, but banning ICOs altogether is a huge gift to Silicon Valley and its resident financiers.

5

The economic returns to living in a city that’s living in the future are increasing.

6

The first countries to go to war with cryptocurrencies are those with capital controls. The two are inherently incompatible.

7

Lots of people confuse their political outlook with their economic outlook. The next few years look all set for an economic boom.

8

The most valuable type of economists are cryptoeconomists, as they can actually create, manage, and analyze economies.

9

Internet Phase 1 replaced offline gatekeepers w/ thin online ones. Phase 2 will replace gatekeepers altogether w/ cryptoeconomic protocols.

10

Any analysis of California’s economic success should note its monopolization of all of the warm, dry coastline in the largest market in the world.

11

Operating an economy without cryptocurrencies will eventually be like operating one without financial markets today.

12

Investing time/money behind someone? - Do you like them? - Can they teach you something you want to learn? - Good economics? If so, invest.

13

An economy run by markets / blockchains instead of middlemen / authorities would make our current society look like a communist bureaucracy.

14

Technology is the application of knowledge to control the natural world. It's the greatest driver of both human prosperity and our capacity for self-annihilation.

15

First, earning power went from physical to digital. Now assets and security are going from physical to digital. Human rights must follow.

16

When building a startup, microeconomics is fundamental, macroeconomics is entertainment.

17

Some economic patterns recur, inexactly, less than once a generation. These are when the greatest fortunes are made and lost.

18

Nations are trying to birth the next Silicon Valley when they can simply buy the next generation of Internet protocols on open markets.

19

Every dollar printed is a vote for Bitcoin.

20

Weak dollar and high oil prices were bad. Now strong dollar and low oil prices are bad. Macroeconomics is voodoo.

21

If you kept stacking on debt your entire life, it would end badly. But we are told it's ok for countries. Macroeconomics is voodoo.

22

If you're a small country that would like to be the richest per capita, buy up all the Bitcoin you can and announce adoption.

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