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0 sats \ 1 reply \ @kepford 25 Apr 2023 \ parent \ on: Britons ‘need to accept’ they’re poorer, says Bank of England economist bitcoin
Don't you just love the logic these fiat clowns use? Its greed! I mean, on the one hand I agree. But greed always exists. That doesn't explain inflation. The central banks create this situation. Business owners are always greedy. So are consumers. I don't want to pay any more than I have to for goods. That's just a different type of greed. But obviously these people that say these things know its not true. But it does sound good to the ignorant masses.
I suppose it's true.
After spending a fairly equal proportion of my life in both 'capitalist' and 'communist' countries, I came to the conclusion that greed is just endemic to life. But like the by-gone days of barter (and when 'capatlist' and 'communist' countries both had price haggling in markets and with street vendors) there was real price discovery.
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