Here's the Tweet by the author of the article that kicked off the Twitter thread where this article was shared:
It's often claimed that a fixed supply money (aka sound money) leads to economic catastrophe. Economic growth requires creating more units of money & debt, they say. Money must be devalued over time to encourage spending.
Weird that we even have to argue this point with supposedly smart people considering what's going on in 🤡 🌎 these days. Instead of worrying about the hypothetical catastrophe a fixed supply money might cause, they should focus on the actual catastrophe that inflationary money already has caused.
Banks's mission, 'ab origine', was to keep you gold safe because
its value was increasing through time. Once we deviated from
that, especially in 1971, we made most people slaves and poor,
keeping the 1% in control of the mint and subsequent debt.
That was the Economic Catastrophe, Bitcoin brings back honest
and true money to our civilisation.
Here's the Tweet by the author of the article that kicked off the Twitter thread where this article was shared:
https://twitter.com/john_at_swan/status/1612843297239695361 [Nitter]
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Weird that we even have to argue this point with supposedly smart people considering what's going on in 🤡 🌎 these days. Instead of worrying about the hypothetical catastrophe a fixed supply money might cause, they should focus on the actual catastrophe that inflationary money already has caused.
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Its the government that causes economic catastrophe but people refuse to even consider this so they can go to hell
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Banks's mission, 'ab origine', was to keep you gold safe because its value was increasing through time. Once we deviated from that, especially in 1971, we made most people slaves and poor, keeping the 1% in control of the mint and subsequent debt. That was the Economic Catastrophe, Bitcoin brings back honest and true money to our civilisation.deleted by author
deleted by author