Dan on Nostr: What is the "implied rate of increasing productivity"? This is the economic/social ...
What is the "implied rate of increasing productivity"? This is the economic/social gain we get from our benefit of the new time and energy saving technologies constantly coming. Everything from gigantic tractors that can farm 1000 acres with the aid of satellite, to the the newest Apple Iphone we can conduct a zoom meeting on from around the world. Over the last 50 years, it's determined that we gain 5-7% per year in productivity with all the new invention brought to market.
Now ask yourself, WHY IN THE HELL is there a 5-7% INFLATION RATE ?. Things should be getting cheaper ! If we add the inflation rate TO the implied productivity gain, we get a 10-14% rate of theft.
The sad short answer is theft. Theft by who? Theft by those who are printing money. The money printers are the USA GOVERNMENT through the Central Banks of the world. The amount of theft is unimaginably staggering. Bitcoin solves these problems. Study it.
Now ask yourself, WHY IN THE HELL is there a 5-7% INFLATION RATE ?. Things should be getting cheaper ! If we add the inflation rate TO the implied productivity gain, we get a 10-14% rate of theft.
The sad short answer is theft. Theft by who? Theft by those who are printing money. The money printers are the USA GOVERNMENT through the Central Banks of the world. The amount of theft is unimaginably staggering. Bitcoin solves these problems. Study it.