I just heard about Perplexity.ai a couple of days ago and made it my default search engine. So far so good!

IS INFLATION THEFT - OR IS THAT HYPERBOLE?

“The natural order of the world is DEflation,” explains nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe entrepreneur, investor and author of The Price of Tomorrow (https://amzn.to/44oFzTh).

Over time, the cost of goods and services should trend lower, because we humans find ways to be more efficient and produce things for less. Especially in a free market.

But in our debt-backed fiat currency financial systems, the increased value that would accrue to us via DEflation is instead siphoned off by those who can print money and channel it where they want it.

Inflation is the result of the government printing money.

When there is more money available, it chases after the same number of goods and services, driving prices up.

But Is It Fair to Call Inflation “Theft”?

When someone steals value that is yours, he is a thief.

Inflation is an underhanded way to do just that.

Suppose there is a total of $1 million in the entire financial system and you own $10k.

That means you own 1% of the total pie; or 1% of the total purchasing power.

But if someone else can issue another $1 million, that doubles the money in circulation and cuts your percentage of the entire pie by half.

Your purchasing power drops because suddenly (1) your percentage of the whole was cut in half and (2) prices go up bec there is more money chasing after the same goods and services. (Two facets of the same phenomenon.)

So while previously the money you sacrificed to save gave you 1% of purchasing power, it suddenly gives you on 0.50%.

A small group of people can do that to you. And you have no recourse.

If you could choose - would you choose to save your hard earned money in a currency that someone else can debase - effectively stealing from you?

Of course not. No one would voluntarily store their savings in an “asset” that is constantly losing value.

Why is it losing value? Because others can steal that value by printing additional money and distributing it as they see fit.

They end up with more. You end up with less.

Inflation is theft.

—

What do you think?

Been following you here a long time, and watch your videos every day. Thank you, Matt.

What is that product? And who is it? Great story, though.

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z and nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr - great conversation.

Miljan, what is the business model for Primal?

https://youtu.be/wEfH9jaLBz0?si=XQhJZrMls3yoL2El

Well, X also allows (relatively more) free speech than Facebook. That's a huge plus.

Question @coinos.io Is there something about Coinos.io that makes it more suitable for taking payments moreso than any other lighting wallet?

It seems to be a nice Ligthing wallet. Am I missing something?

Thanks

I've only ever had excellent experiences with the people at nostr:npub1tftc33ttam85wraffce62cgtvvjrmttquqlv6a0agtfm5nl4vues82xar5

I can only guess why you're so upset with them. Maybe it's hard to relate to a community of principled people who actually live out what they believe.

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g nostr:npub1us0gs0c77cjgtgr5cxsl58g2py496eu26jd7mshe2k44uvzm498qrefrqv and others have always been helpful, even though my account is tiny.

When people treat the little guys as respectfully as they treat the "players," you can tell they are in it for the principle of, not for personal gain.

Sure, I hope they each gain personally. Why not? They deserve to and need to like anyone else.

The principle is to "win the race to avoid the war." Infigthing over details you disagree with works against that.

nostr:npub1ww8kjxz2akn82qptdpl7glywnchhkx3x04hez3d3rye397turrhssenvtp You do have to ignore a great deal of evidence to the contrary to come to your conclusions.

That Israeli minister has been suspended from government meetings because of his absurd statement, which is not at all the position of Israel, her leadership or her citizens.

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe

Question, please.

Isn't "global debt" a total figure while "world economy" is an annual figure?

I'm trying to understand the page attached.

I really enjoy the podcasts I've heard you on.

Thank you!

https://void.cat/d/DneZXEFvsdmEzF5G64fTji.webp

On

#nostr is there a way to screen out notes that are no in a language you understand?

Thanks.

Q for you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a if I may.

Reading your excellent book, Broken Money.

Central Banks hold their own country's debt as their assets. Why can't a government just issue more currency without the charade of a separate entity holding debt everyone know they will never repay?

nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9 Edward Snowden is smart and well-spoken and he's paid the price by acting on his beliefs. #Freedom #Bitcoin    #BitcoinAmsterdam #BTC

https://youtu.be/H-fQ7i8q5C8?si=JmfUM48T7tq2ONGZ

They ruled in favor of that guy who claims to be Satoshi? Is that what this means?

Thanks.

Dr. Peter McCullough on the need to stop all covid vaccines.

https://twitter.com/gunthertree2/status/1702277639191310734?t=zsUBJTJ5hOX5LpuTRCOkwQ&s=19

Doesn't this sound just like the USA?

"A Ukraine, left to its own devices would have quickly succumbed to Putin's invastion. It would now be suffering show trials, the execution and imprisonment of its leaders, and harsh punishment of anyone who resisted [Democrat] rule."

#FirstAmendment #freedom #freespeech

Russia lies to their enemies.

The Western countries lie to themselves.

Who will you bet on - the ones who lie to their enemies or the ones who lie to themselves?

@jack , I'm one of the millions who did not agree with how you ran Twitter.

HOWEVER, I just saw part of your interview with Russell Brand and I have to say - Respect, sir!

Respect for admitting that how you handled the Hunter Biden laptop story and banning Trump were not the right decisions for the country.

Respect for your honesty and humility.

https://rumble.com/v2ygebo-it-was-a-mistake-to-ban-trump-jack-dorsey-opens-up-with-russell-brand.html

Matthew, I've found Iris.to to be an intuitive app for Nostr on Android. nostr:npub1wnwwcv0a8wx0m9stck34ajlwhzuua68ts8mw3kjvspn42dcfyjxs4n95l8