The discussion centers on the hypothetical scenario of stopping time and its implications for inertia. It is argued that if time were stopped, inertia would not be conserved because no changes could occur, as inertia is tied to motion and acceleration. The concept of time is linked to the change of state in systems, meaning that stopping time would prevent any physical events from happening, including the falling of bullets. Additionally, the laws of physics, including the nature of time, dictate that such a scenario is impossible, making the question largely meaningless. Overall, the conversation emphasizes that time's continuous flow is fundamental to the existence of inertia and physical events.