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Diacone Frost
8633073b8567da97ad119fedd9716154aa283234cbb7d28d5131daa077d1cf7a
punk's not dead

But he didn't say that. He just pointed out that people sat on theirs money because of uncertainty.

gov decided to artificially increase the money supply because of that.

much like what EU want to do now. spend our savings. they just did that indirectly via inflation.

Replying to Avatar Hurvajs Rumcajs

https://www.zive.cz/clanky/ostravska-mhd-jako-prvni-zrusila-papirove-jizdenky-ted-bude-elektronicky-i-pokutovat-cerne-pasazery/sc-3-a-234170/default.aspx

Pritom takova CBDC by tohle vsechno zjednodusila tak ze by se proste ta pokuta odecetla rovnou bez takovyhodle zbytecnyho chozeni nekam na stranky dopravniho podniku a zadavani pinu.

dokonce i jizdne samotne. clovek by se ani nemusel trmacet do te saliny

amazing how everytime I say that taxation is theft I get total shitstorm.

I don't even start this debate. They argue and ask me for an opinion

karel havlicek borovsky byl asi prvni anarchista ve verejnym prostoru

that's my overall sentiment.

ppl I generally like completely off

especially regarding economics

I'm disappointed of what I read this week on nostr.

Don't know if that's true.

I quite sure, however, that all that innovation was at expense of something people actually wanted. Misallocated and perhaps wasted.

I assume your keys have been stolen. Probably by Otto von Bismarck?

This is so "that which is seen, and that which is not seen"

What about the opportunity costs, capital consumption, distruption, capital misallocation, and many more negatives of war/fight.

In peacetime, entrepreneurs (and capital) are far more likely to focus on long term investments, research and development.

It's capital accumulation which leads to longer more complex production structures (and innovation/inventions).

And consumers will have more income and will look for new and improved products. Those are again incentives for entrepreneurs.

I'm quite sure this is not exhausted list by far.