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TheZenLlama
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On the path to find the meaning of my life, my best self, and enjoy the path

Is there such a phrase as :compound impoverishment"?

Okay I am gonna make a channel named "learn economy with memes" πŸ˜‚

When you take out debt to repay your old debt is like:

You said you will clean the toilette, and they realize you did not do it, so you over offer to also clean the bathroom to make them calm.

Until how further can you over offer without actually doing any work? πŸ˜‚πŸ¦™

Keynesians have a big advantage in a way that inflation is a complex topic, and people don't care that much, that such a system can be easily sustained.

#inflation is the cause of money creation.

Money is created by creating debt. (Any loan or debt someone can take out is basically new money)

When new money is created (debt), more amount of money competes with the same amount of products, therefore, one product will cost more. (Inflation)

This means the value of new money is subtracted from the money already in circulation, because the total market value (sum of all products) do not change, but more money will compete to buy them.

In this sense, when you print money, you create a tax on those, who holds from that money and you give yourself free money without work.

In such a system money can be earned by hard work, or by printing, therefore it creates an unfair situation which motivates you to get from the free money because it is easier then to work hard.

I forget to add but alby or an NWC compatible wallet is necessary to use it.

Ahhh, I forget to add but alby or an NWC compatible wallet is necessary to use it.

Thank you! I will come back to you tomorrow with the details!

What can go wrong? πŸ˜‚

#asknostr #testing

I am looking for 5 people to test my zapvertizing client.

I would give you some sats, that you have to zap to plebs with my client.

Who would be interested?

But be aware of tinting or how is it called.