Subnostr

Fiat breaks efficient market hypothesis. Or maybe it circumvents is a better way to articulate it.

Can’t have efficient markets when interest rates and money supply are controlled by insiders. Everything is downstream of that centralization and therefore foundationally dysfunctional.

Regulations also hinders efficient market hypothesis imo. There is a lot of regulation.

plebiANON 1y ago

Bingo. With credit money, it is impossible to have an efficient market as producers cannot differentiate between credit money entering the system or savings entering the system to signal a change in consumers’ savings vs consumption preferences.

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Discussion

BTC_P2P 1y ago

Fix the money, fix a bunch of shit.

plebiANON 1y ago

No doubt. The events of the past week have just made it obvious to a group of folks that probably will never study Austrian economics in any meaningful way.

BTC_P2P 1y ago

People do best with IRL lessons. Many more to come.

plebiANON 1y ago

That is a certainty.