Fiat inflation is more than a hidden tax on everyday folks - it fosters a culture where impulsive, harmful choices are rewarded, punishing those who live sensibly and plan for tomorrow.
It's a thief that strips us of our wealth, our values, and our spirit.
π Guido Hulsmannβ‘οΈ
Really articulate and accurate description of why sound money is vitally important to efficient and sensical societies. Much respect.
Our entire society is based on broken incentives. Imagine whatβs possible when we have incentives that align with whatβs good for us.
Production quality π₯
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Already listened to this episode, but I think I'm gonna have to give it another listen. Absolute fire.
lit!
Man, I would love to meet you and pick your brain.
Bitcoin time preference fixes this.π€
π
You can easily opt out of inflation (tax). Much harder to opt-out of tax and the surveillance state.
Taxes are theft. No taxes for humans is the real fight.
How many hundreds of times have you expressed this shocking idea since your podcast started?
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev can't zap you Brother
I'm not a fan of that read. Even though there are definitely several good points, it seems like he mostly wants to arrange it to blame something for the world not conforming to his variety of Christian beliefs.
disagree .. the primary purpose of Currency is to make people invest effort in producing commodities. In an asset only world , commodities tend to get to zero price point lest they get scarce .. at which point they don't remain commodities anymore .. poor people die ..
currency and assets are two equally important wheels of economy .. it doesn't run on one.
A deflationary fiat is as valuable as the store of value - gold or btc .. based on influence of the issuer , sound currency provides liquidity for risk taking. And assurance to the ones working hard on fields - either in susidies or in minimum purchase price ..
the fight really is moving towards a sound currency and same is in moving towards sound asset .. USD is the soundest currency todate and btc is soundest asset .. thus usd stable coins ( digital usd) and btc ( digital gold) are the future .. there is nothing to crib about .. we are good π
I know that feeling π’
Fact
