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Even though agricultural technology has gotten exponentially better/more efficient/more productive, and technology is naturally *DEFLATIONARY* (cc nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe ) food costs more now than ever.

Why? How is this possible?

Because our money is fundamentally broken.

When the government/central bank cartel prints money out of thin air, the purchasing power of the monetary unit (e.g. the U.S. dollar) goes down.

This is called “inflation.”

When centralized powers are in control of the monetary system, they will *always* debase the currency. The efficiency/productivity gains of technology (which should be making everything cheaper to buy) are stolen from you.

This is why #Bitcoin is so important. There will only ever be 21 million bitcoin and no one can print more.

When you save in Bitcoin, you benefit from the deflationary gains of technology. The things you want to buy get cheaper over time when priced in Bitcoin, not more expensive like when prices in any fiat currency.

When you save in fiat currency, your purchasing power shrinks.

When you save in Bitcoin, your purchasing power grows.

https://v.nostr.build/zLJ4TkXOAoTosbdO.mp4

Satosha 1y ago

Govs must dilute the currencies to pay subsidies to farmers , and miners and any other commodities ... plus they need to pay for the defence .. law and order ..

In a scarce fixed supply monetary system - no rational person will work on mass production - it doesn't make sense because the value is attached to scarcity ..

That said - are govs free from mismanagement or vested interest - of course no ... there is always room for improvement .. but that improvement is NOT going back to Gold or going forward to Bitcoin alone ..

Currencies and Money are two wheels of the system - we need both ..

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Satosha 1y ago

In fact Tax is bad .. because it is essentially wealth redistribution ... as in tax those who work hard and give to those who dont .. on the other side printing the currencies devaluates proportionally .. most appropriate thing to do for supporting commodities and defence .. most of mismanagement will disappear if govs stop taxing and openly share policies to print more currency ..