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Replying to Avatar Jeff Swann

The things we create today enable many more people to create things tomorrow. Building things without consuming anything for yourself leaves real valuable goods available to productive uses that serve others. As the total amount of wealth grows in relation to the total supply of money, the share of what you have earned (without spending it) buys you more. A fixed money supply helps to discourage mindless consunption & encourage extremely efficient use of all available resources. There is a reward of greater purchasing power for all who live frugally.

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Nika 2y ago

Holy shit! This blew my mind and makes so much sense! It's not just my work that's valuable to others, but the fact that savings doesn't consume resources unnecessarily is also a benefit to other people, so anyone who saves should be rewarded by their money being able to buy more later, rather than immediately consuming what they can right now.

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Beiner 2y ago

Welcome home

https://nostrcheck.me/media/kid_btc/nostrcheck.me_17901eba33e421b7ff1b9eca9e726177b2bb7844bed5dfc7.webp

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