hola NOSTR 🔥
Many economists and central bankers think the economy will collapse if we adopt Bitcoin as money because it is deflationary.
Here is the most concise reasons why they are wrong 👇
https://video.nostr.build/b572614d74c7a61419595c80314f573544ba44f278815d03b7d3a49da217d513.mp4
🤦🏻♀️
The example of not buying dollar store underwear wasn’t that clear to me until I remembered Boots theory https://en.m.wikipedia.org/wiki/Boots_theory
this is a great reference. some people are forced into high time preference purchases only because there is no alternative at certain income levels
how do you measure your views? genuinely curious ty ☺️
People want stuff. The last think we need to do is incentivize wanting to buy more. In fact acquiring stuff is one of the few things we are naturally incentivized to do. Hunger, envy, and many other desires do this, no inflation necessary.
what ever happened to your cricket diet?
