Avatar
ObjectiF MooN⚡️₿ 1y ago

Everybody just talks about inflation, but inflation is nothing else but a falling currency. https://video.nostr.build/95cd22453b167c8b3fe4a3a454c6931c32363462b3e1eed90c6c8aa4919f5241.mp4

Reply to this note

Please Login to reply.

Discussion

Avatar
jimbocoin 🃏 1y ago

If yo do the math, $14k in 1971 to $1M in 2024 implies a CAGR of 8.3%. Almost exactly the CAGR of USD M2 money supply over that same period.

Avatar
ObjectiF MooN⚡️₿ 1y ago

Well well well...

Avatar
Des Imoto マキシ 1y ago

They also steal society‘s productivity gains. Generally thought to be at least 6% pa.