Replying to Avatar ralphstriewski

Is it wealth when the middle and the lower class loses purchasing power through inflation?

Milei says: If you could create wealth by printing money you could also create education by printing PHD titles.
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Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 1y ago

That’s why I said « fiat »

I recommend you read the Fiat Standard by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

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ralphstriewski 1y ago

I've read all books of Saif including Pinciples of Economics and many more.

I just wanted to say, there is no such thing as "fiat wealth" it's just transitory.

Real wealth is living the #bitcoin standard and counting everything in #bitcoin

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Sooly⚡️سولي 🇱🇧🇧🇪🇦🇪🇦🇴 1y ago

Fiat wealth = fake wealth

For me at least.

But 👍🏽