253 sats \ 1 reply \ @koqoo 17 Feb \ on: Inflation: Are We At The Beginning Of The Second Wave? econ
In the 21st century, we are living through the collision of two titanic forces. On one hand, we have the relentless march of technological innovation driving productivity higher, and thus prices lower. On the other hand, we have the systemic counterfeiting of currency under the pseudoscientific paradigm of Keynesian economics stealing purchasing power from savers, and thus driving prices higher. Ultimately, only one of these forces can prevail, and my money is on technology trumping thievery. Bitcoin is an accelerant to this process of titanic force collision. — Jeff Booth