The government is stealing productivity gains through the creation of monetary units.
The productivity gains occurred because of capitalism.
Capitalism is awesome.
Central banks are evil.
Discussion
Yes, the money is debased. Yes the government plays a role. The government does not force companies to pay low wages. Profits for companies has steadily gone up while wages have not, and the rich keep getting richer.
Capitalism did not increase productivity, those doing the work increased productivity. Please read books. Capitalism is evil.
With Bitcoin, does the code itself mine Bitcoin? No, the miners do.
Thanks for playing.
So business owners do not get more productive workers by investing capital?
Accountants are more productive today than in the 1950s not because of computers, but because of…?
First question, no.
Second trailing question??? Accountants are more productive because of technological advances.
Keep the questions coming. We are starting to boil it down.