The weighted average by currency size for the increase of the market supply of all fiat currency is 14% for the period from 1960 to 2020.
Two essential puzzle pieces to becoming sovereign and free in the digital age 🧩 
Find a person you have a lot respect for and copy the follow lists to start with
I see it somewhat differently.
I agree with you that privileges or, in other words, future security, influence time preference. Nevertheless, it does not change the fact that the person who takes the marshmallow now has a lower time preference. Of course, it makes sense to consider the circumstances and possible reasons for the decision or whether both have the same conditions, but this does not change the outcome of the experiment. It only helps to explain and understand it better, which is obviously very sensible.
It is a self-reinforcing cycle, no matter which direction you have taken.
Hard money enables saving and capital accumulation.
More capital enables more future security.
More future security reduces time preference or makes it easier to forego immediate consumption and instead accumulate more capital.
Soft money makes saving and capital accumulation more difficult.
Less capital reduces future security.
Less future security increases time preference or makes it harder to forego immediate consumption and plan for the future, as one is always busy trying to survive the present day.
It is early, but the transition to a new monetary system is underway and won't be stopped. That transition is bound to be messy because it exposes the believable "lies" of the old system.
When information travels seamlessly - the truth is impossible to stop.
#Bitcoin 
💯🤯
nostr:note1j9lxsvshyx0wfl89zqsc77qk078yyf5unpxmcptjjjt0hkdrddlq9h72se
The destruction of wealth in savings through inflation does not magically create more productive opportunities in society, as Keynesian fantasists want to believe; it reallocates that wealth into destructive and failed business opportunities, which yield a positive nominal but a negative real return, resulting in capital destruction.
#Bitcoin fixes this.
GM
#FreedomTech #Bitcoin #Nostr 
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.
Friedrich Nietzsche
How it feels to read Austrian Economics and #Bitcoin books 📚
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