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For Cantillon effects, the only skill that matters is playing politics.

In a free market, any skill that someone needs in the market will get paid.

Fiat money increases the former by chipping away the latter.

#Bitcoin eliminates the former and makes real skill more valuable.

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Pins 1y ago

It is not what the ECB is stating on this new paper 😂🤣😂🤣 … this paper is a joke https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

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