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didn't see this one on nostr, an interesting perspective that I wholeheartedly disagree with

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 4mo ago 💬 1

saying saving isn't a use of money is keynesian bullcrap.

same shit as "but he's not using the house, he should give it away" bitch, property rights matter. if my house can be expropriated so can my life. who wants to live in a society where slavery is ok?

stupid agorists believe this bullcrrap as well. bitch, go fucking find your own patch and work it if that's what you believe in. respect for property rights is the basis of civilization.

the only situation in which any person should forfeit property is when that property was unjustly aquired. eg: expropriation. aka stealing. aka "squatting" if a standing claim on property exists, it has been rightfully acquired because you don't get a title deed when there is liens on it.

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Discussion

cuban 4mo ago 💬 1

I'll just keep buying btc

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 4mo ago 💬 1

a lot of people believe the communist propaganda that savers are hurting society.

it's literally the opposite. money that isn't being spent, drives up the value of money that is being spent. money that is saved, can then later be used to fund enterprises that increase efficiency (very often efficient production has a higher initial startup cost) and then the cost of an item on the market drops and that frees up people's money to spend on other things.

i mean, it's so duh, but this is what they teach in the clown schools.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 4mo ago

the more money is printed, or credit is issued, the more likely that bad bets will be made because of the lower opportunity cost. that's what we see with bullcrap like the current AI boom. keynesian economics incentivises just moving money around to make business look bigger than it actually is. usually somewhere in it someone is taking the piss and they end up being sacrificed on the altar of "oh, it was just this bernie madoff guy, not central bank credit policy".