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#Bitcoin-only #Memes #AustrianEconomics #noderunner 🕳️🐇

Too kind, thanks 🫂

It’s exhausting, I have to stop😅

Your discussion partner yesterday was humble and calm. He actually formed his opinion on facts and view which he tried to explain to us. This Giacomo guy is just angry and ignorant. Calling everyone and everything what is not aligned with his view nazi. Just pure waste of energy

I have read the arguments from both sides and formed my own opinion.

You are so ignorant and self-assured that you don't even want to listen to the arguments against your opinion (Austrian economics). You label the authors (Mises, Hayek) of these arguments as Nazis, even though they fled from the Nazis.

Do you always form your opinions without listening to both sides?

This quote by Murray Rothbard fits perfectly to you:

„It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science. ' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.“

You gave me a good advice yesterday.

I am giving you an advice now:

Read „Principles of Economics“ by Saifedean Ammous

I don’t have struggles to answer.

I think Tim Cook was a lot more productive than any employee. I am not talking about physical work, I am talking about inventiveness. Ideas and technology is the biggest driver of human productivity, not work.

I can’t tell you if it’s exactly by a factor of 884. However, this number would be way smaller without fiat.

In Germany we guarantee everyone a basic standard of living. We have many people who can actually work but don’t see any point in doing so, since they would would barely get any more money.

Their choice:

1. Don’t work at all and get the basics paid by government

2. Work 40 hours a week and have just a little bit more.

Don’t you think the incentives are off?

Have a look at these charts and ask yourself: Is capitalism or fiat money the reason for this insane wealth gap today? Fiat era started 1971.

In capitalism wealth is distributed to the most productive, which is how it should be. This mechanism only works properly with sound money. Fiat money destroys this mechanism to the extent that wealth is mainly distributed to those close to the money printer.

In socialism wealth is distributed to based on what governments thinks is best, which is mostly a very bad allocation.