130 sats \ 0 replies \ @Brunswick 22 Jul 2022 \ parent \ on: A sad and hopeful evening with economics students bitcoin
The truth is that Keynes was onto something, that the hegemony's fiat can inflate indefinitely so long as it's slow enough to "boil the frog" so to speak. As it states in the declaration of independence:
Keynes used this statement to it's most perverse ends, and developed a mathematical model under which the level of evil can be measured and scientifically perpetuated.
But to what end? We may look to a misattributed, yet prophetic Jefferson quotation:
We see this with Gates and BlackRock today, and throughout the housing 2008 crisis. Banks print currency, prices rise, businesses fail, people lose their jobs, people lose their houses and banks own all the property.
Today we are in the "businesses fail" phase of this stack of dominos. Best to pay off your loans today before you can't afford to, but don't forget to stack.