pull down to refresh

21 sats \ 1 reply \ @grayruby 8 Sep \ on: Your quality of life metrics are just GDP. charts_and_numbers
Quality of life is measured in real GDP terms, which captures productivity beyond debasement, not nominal GDP. You can pull forward quality of life via fiat debasement but it will stagnate or decline as effects of fiat debasement exacerbate.
write
preview
71 sats \ 0 replies \ @Recongraves 9 Sep
I agree trying to use that debt to live a better quality of life currently will only catch up in time so whenever that convergent point happens you're definitely going to have a decrease in whatever quality of life is currently at the maximum rate of spending limit, I don't know if that's m2 supply or technology but similar to bitcoin I don't see the adoption happening at the rate of disintegration with spreading information culturally
reply