Some inflation is needed for a productive economy must be the greatest lie ever told.
Because it’s connected to everything else.
#Bitcoin
Discussion
Web of lies
What they mean is that it's a necessity to keep the productive members of society generating wealth for the rent seekers to amass.
Inflation is coersion.
And it’s a whole lotta sticky. Here in Germany, I seem not be able to convince a single person of the opposite. And it’s always the believe the state need’s it for public investment or hell would break loose. It’s sad, no one has the slightest knowledge of macroeconomics.
In this house we believe inflation is only necessary for bike tires and beach balls 🏖️ 🚲 😜
Inflation is the quicksand of economic prosperity, slowly suffocating productivity, swallowing savings, and impeding the path to a thriving society.
🤣 for sure
I think people can’t imagine anything other than a debt based economy. They’re probably right. You need inflation in a debt based economy because interest is always growing so the money supply to pay the interest must grow too.
People don’t realized that bitcoin will turn the old broken system upside down…and usher in the equity based economy.
No longer will we loan money to be repaid regardless of the performance of the business. It will be based in equity. We’ll share in the profits of the businesses we finance. This will align the incentives of the capitalists with the interests of the business. No more corporate plundering.
So many positives. 🧡
💯
Theft conditioning
Jeff, reading your book, only in chapter 2.
But curious about how deflation works over time.
I’ve heard it pitched that if M2 circulating supply matched gdp/population and correlated well with those you could engineer static prices.
Concepts like M2 and GDP are unnecessary on a bitcoin standard. The “static prices” of many things become zero and all others trend that way through technological gains.
To give an illusion of wealth accumulation and to disguise underground taxation.
The only thing built through inflation is the state. Which then uses it to rob its citizens
It's crazy how phrases like this presuppose that we've always used fiat and disregard the fact this has only been the case since 1971 isn't it?
Even otherwise smart people will defend fiat by saying it is "designed for the modern economy."
No, it wasn't designed for anything, it became the default because Nixon ended Breton Woods.
What a strange thing to say.
It’s all the same matter
I am new to Nostr, so far I love it. Thank you for teaching so many of us, as it is difficult to find truth and wisdom in a world like ours.
Nostr is incredible! Instead of algorithms farming you by highlighting things that offend or surprise you so that more advertising can be sold, here engagement is natural.
So besides creating decentralized communication, it better for the soul.
not horse shoe model here.
So much healthier for ones nervous system 💜
Completely agree.
The People currency
You cannot build for an honest future on a current falsehood. The current monetary system is a non-functioning lie.