Replying to Avatar Jeff Swann

What are all the ways that monetary debasement consciously or unconsciously impacts human behavior?

Buying shit we don't need.

Companies can't survive without generating reoccuring revenue.

"Investing" in anything that might hold value better than money.

...what are some others?

I really need to compile a long list of things related to the negative effects of inflation with as clear & simple of a causal link or explanation for each thing as possible. Like when money doesn't hold it's value (whether people realize it or not) people see that certain kinds of goods appreciate, often rather wildly at times, & they are driven to gamble on those things.
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₿logging₿itcoin 2y ago

💯

This is what drives me crazy about the sanctimonious anti-bitcoin climate change activists.

Hyper-consumerism driven by debased fiat is way more destructive to the environment than bitcoin ever will be, and most of us spend like Spartans!

They blame capitalism for their woes, but the US has a central bank based on communist ideology. We now have a mostly socialist economic system. Small businesses were the last bastion of capitalism until PPP loan forgiveness killed it.

Corporations don't even upgrade their capital anymore. They buy back stock. Capitalism without capital is socialism that identifies as capitalism.

Investing has always meant tracking PE ratios, but half of the corporations don't have profits.

That's why I find nostr so fascinating. We finally have a safe space for capitalism on the Internet. 😀

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