About economics

The truth is often so simple and beautiful that ordinary people cannot perceive it.

The first thing you must understand is that all education in the Fiat system, even private education, exists solely and exclusively to perpetuate the system, and in this case the debt system.

A debt system needs two basic things to function, a central bank that can issue money out of thin air and fractional reserve banking that allows it to lend more money than it has through deposits.

Inflation is nothing more than the very consequence of the existence of central banks and fractional reserve banking.

But this is not the simple and beautiful idea, this elegant solution, is not what is described above, because what is described above is only the cause of the problem, but not the solution.

The solution is an idea as simple and beautiful as working and saving in unforgeable money.

What counterfeit money exists?

Gold and Bitcoin.

Post: Bitcoin is the only digital money because it is practically impossible to change the consensus on the 21 million in circulation, any other digital currency has a weak consensus and you can change its supply.