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evangelism/episodes/episode_3.md
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# Operation Saylor Episode - 3/120
Hi again and welcome to another episode of the Operation Saylor. This is update number 3, corresponding to September
2022.
If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my
@ -10,12 +11,12 @@ plan and details are explained. That will get you in context.
## Stats
- BTC stack: XXXXX BTC
- € stack: XXXXX €
- BTC stack: 0.6628 BTC
- € stack: 17,327.60 €
- Current total value in €: XXXXX €
- € into BTC: XXXXX €
- € into BTC: 15,000 €
- Paid back to bank: 732.40 €
- Outstanding debt: 43211.93 €
- Outstanding debt: 43,211.93 €
- Installments to go: 119
Charts
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## Log
This past month I read through Jeff Booth's [The Price of Tomorrow](https://b-ok.xyz/book/5521985/be464d). It was an ok
read. I must confess I was very hyped about it since Jeff's appeareances in different interviews and podcasts are
great, and everyone and their mother say that the book is brilliant, but I was not that impressed. I felt the book
This past month I read through Jeff Booth's ["The Price of Tomorrow"](https://b-ok.xyz/book/5521985/be464d). It was an
ok read. I must confess I was very hyped about it since Jeff's appeareances in different interviews and podcasts are
great, and everyone and their mother swear that the book is brilliant, but I was not that impressed. I felt the book
covered the idea that we are heading towards a tremendously deflationary era interestingly, but there were many other
contents which felt like dull, average-business-magazine ideas, like the section on AI. I also felt a bit disappointed
because Jeff makes a great point on how deflation poses a societal challenge since our current distribution of wealth
through salaried labour will break down and we don't have an alternative for that now, but didn't really discuss much
what could be done about that.
contents which felt like dull, average-business-magazine level ideas, like the section on AI. I also felt a bit
disappointed because Jeff makes a great point on how deflation poses a societal challenge since our current
distribution of wealth through salaried labour will break down and we don't have an alternative for that now, but he
didn't really discuss much what could be done about that.
Actively reading on ideas about deflation put it in the background on my mind and lately I kept on seeing things in my
daily life and somehow relating them to deflation. A few days ago, I was watching TV news and they pulled some charts
with the [demographic pyramids](https://www.populationpyramid.net/europe/2022/) of a few countries. As it tends to be
with these sections, the message was rather alarmist, warning about how the pension systems of a few countries in
Western Europe would become unsustainable (_if only these demographic changes could be foreseen decades ahead, maybe
then governments could have smoothly pivoted the pension systems to more adequate schemes instead of dooming future
generations to be left holding the bag..._) and how the economy would stop growing.
Actively reading on ideas about deflation put the topic in the back on my mind and lately I kept on relating things in
my daily life to deflation. A few days ago, I was watching TV news and they pulled some charts with the
[demographic pyramids](https://www.populationpyramid.net/europe/2022/) of a few countries. As it tends to be with these
sections, the message was rather alarmist, warning about how the pension systems of a few countries in Western Europe
would become unsustainable as a result of the low fertility (_if only these demographic changes could be foreseen
decades ahead, maybe then governments could have smoothly pivoted the pension systems to more adequate schemes instead
of dooming future generations to be left holding the bag..._) and how the economy would stop growing.
This desire for the population to grow constantly has always puzzled me. Why is it desirable at all? A friend of mine
and I used to end up stuck at traffic jams and we would joke about how our city would be so much friendly if we only
had half the people around. I guess there are many things nowadays which can only be sustained if the population growth
rate stays positive, but is it truly negative if they break down? Or is it just that sort of positive destruction that
Austrian economics defends as healthy because it re-allocates resources into the right ventures?
This desire for the population to grow constantly has always puzzled me. Why is it desirable _at all_? A friend of mine
and I used to end up stuck at traffic jams every morning and we would joke about how our city would be so much livable
if a plague came and we only had half the people around (_woops_). I guess there are many things nowadays which can
only be sustained if the population growth rate stays positive, but is it truly negative if we lose those? Or is it
just that sort of positive destruction that Austrian economics defends as healthy because it re-allocates resources
into the right ventures?
I guess I need to get my hands on a book about demographics now... Thanks for reading and I'll see you around next
month.
I decided to get my hands on another book that talked about it and ended up
reading "[What to Expect When No One's Expecting: America's Coming Demographic Disaster"](https://b-ok.xyz/book/11698299/0914ef)
. The book was rather naive, and the economics analysis was elementary-grade level (think of arguments such as "If the
population declines, labor will be scarce, prices will go up, everything will be unaffordable", as if demand wouldn't
decline as well). After reading the book, I was still left thinking that the only real trouble that I can
attribute to a population decline is the unsustainability of certain pension models. Maybe I found the wrong book, or
maybe I'm not crazy and there is really not so much to fuzz about. Perhaps some stacker can shed some light on the
topic and recommend some interesting resources?
That will be all for this month. Thanks for reading and see you in the next one.

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