"I Lost It All In A ₿oating Accident" #Bitcoin t-shirt
- Lightning ⚡accepted
- Extra soft tri-blend fabric
- Available in 14 t-shirt colors
https://bitcoinoutlaw.com/product/i-lost-it-all-in-a-boating-accident-bitcoin-t-shirt/
This such a majestic vibe!
Which “I Lost It All In A Boating Accident” t-shirt design do you like better?
1. Orange Bitcoin Logo
2. Orange letter ₿
#designstr #bitcoin
Which t-shirt design do you like for #mardigras ?
1. Heavy on the Gold
2. Heavy on the Purple
3. Heavy on the Green
#designstr
"Mardi Gras Ornamental" - Every Floor Is A Dance Floor t-shirt design
#designstr #mardigras
Dividing by price of gold seems like a good way to do it. I’m also not an economist, but like to find different analogies.
“We need inflation in the system to maintain economic growth”
is like saying
“Wearing a Batman costume with fake muscles makes us look muscular”
Nominal vs Real
Fake muscles, like inflation, makes you *look* like you have big muscles. But that’s *Nominal* growth, not *Real* growth.
*Real* growth comes from lifting weights and eating properly. Not from a fake-muscles costume.
Same with an economy.
*Real* growth comes from technology and productivity. Not inflation.
How a watered-down pint of beer is like inflation in the economy.
A pint of beer 🍺 starts out as 16 ounces of 100% beer, just like an economy starts out on a 100% gold standard.
Then your buddy, who only wants to help, gets the bright idea of helping you make your beer go further - by watering it down. So he adds 16 ounces of water to your existing 16 ounces of beer. And voilà!
You have 32 ounces of watered-down beer. But now it takes twice as much beer to get the same buzz of 16 ounces of 100% beer.
In an economy, your buddy just wants to be helpful and gets the bright idea to double the supply of money in the economy. And voilà!
You have twice as much money but watered-down purchasing power.
Yeah, there’s twice as much of it (32 ounces of beer and twice as much money). But damn, dude, yuck!
Watered-down beer tastes like ass. And watered-down purchasing power takes $2.00 to buy what used to cost $1.00.
Classic dance jam right here!
Which segment of society is most HURT by inflation?
The poor.
Which segment of society is most HELPED by inflation?
The rich (who own assets).
Which institution fights tooth-and-nail to make damn sure there is 2-3% inflation in your life?
The Federal Reserve.
Disease: Inflation
Symptoms: Declining purchasing power
Cause: Federal Reserve fighting to maintain 2-3% inflation in the economy, among other causes
Appreciate the feedback. And the Sats 🫡