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120 sats \ 16 replies \ @Undisciplined 30 May \ on: The "Magic Coin" and Renewing Interest in Monetary Policy econ
As bitcoin usage grows, monetary policy will become interesting to people again.
I am not quite so sure of that! Unless they are pointed, in some way, towards an interest in economics and money, current education is drawing them into a pit of ignorance. Most people seem to just tune out when economics or monetary theory comes up. I think children’s books, like this are an ideal starter for economic awareness.
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People don't care because they don't see the problem. When people are juggling a bitcoin balance that keeps appreciating and fiat balances that keep depreciating, the problem will be seen.
People last cared about monetary policy, because both gold and silver were being used and discrepancies were becoming apparent.
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People last cared about monetary policy, because both gold and silver were being used and discrepancies were becoming apparent.
I think that this is the key to the problem: noticing the problem in the first place. Once, the problem is noticed you can, at least, name it. Once you have named it, you can delve into it to find details and solutions. But it all starts with the problem becoming apparent. This goes back to Rothbard’s What Has Government Done With Our Money? It seems to be a good starting point for noticing apparent problems.
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That's why I'm saying people will start caring once bitcoin is being widely used. Two monies will be part of people's daily lives and they'll see differences.
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They are waking up slowly. Inflation is so high people have no choice but to see that they're working for money that has no value. What you think 🤔
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As long as everybody feels like looking through the binoculars from the big end rather than the little end, they will never figure it out, never wake up. Once they can turn the binoculars around and see how things work. Their viewpoint is very important to coming awake.
That’s true some places, but most Americans don’t get that it’s our money that’s broken.
Had they been aware, they could have seen this long before BTC ever made it into reality! All they had to do was look at precious metals. The only drawback was that PM were and had been a manipulated market for some time now. I became aware of the manipulation in the late ‘90s. I lost a large sum of money when the COMEX fiddled with margins on PM around 2001. I was swinging around 20 large gold futures contracts and 25 large silver futures contracts as well as FX contracts. After that I would only use options.
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Very few people use commodity money, though. People have it as a savings vehicle, but that's all they think of it as.
The people are cattle -they yurn to be controlled by their government - hard to free them from the Fiat illusion. What you think 🤔
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I think I have to disagree, they aren’t chattel, they are just ignorant. Our overlords have made sure, through public education, that people don’t know and will not know due to having their interest in these matters extinguished by public teachers. Getting books like these to little kids will help things a bit.
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Yes , I was just speaking figuratively in Sense of using cattle the metaphor to drive the point that we are all economic slave to Fiat system.
⚡ Zap me
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You are only a slave to the system if you let yourself be a slave to the system. Just break out!
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Am trapped in the hole . Life has be running against the race. Zap ⚡ me
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