drgo on Nostr: Price rises and revolution are surprisingly correlated throughout history. Even when ...
Price rises and revolution are surprisingly correlated throughout history. Even when gold was money, this correlation held true. Even if you adjust for bankers fractional reserve banking games, the correlation is still there.
While it’s not surprising that men remove the heads of the rulers when life gets too expensive to play by the rules, it is surprising that even gold can’t avoid prices rising.
Inflation as in rising prices isn’t just due to one thing such as money printing/changing fractional reserve ratios. There were times in history where demand was the cause of inflation in necessities of life (drawing on the savings of an enlarging populace, for example).
Of note, sometimes rising prices meant more gold was mined but not always. Gold gets mined when there is a profit to mine it…government regulations, labor costs, and energy costs can vary at least somewhat independently from costs of food/clothing/shelter etc. The “higher prices means more gold gets mined” feedback loop was frequently disrupted or delayed, and the results were bloody.
Does Bitcoin fix this? I’m not sure. I think so, presuming the masses refuse to enslave themselves to a debt denominated in bitcoin.
While it’s not surprising that men remove the heads of the rulers when life gets too expensive to play by the rules, it is surprising that even gold can’t avoid prices rising.
Inflation as in rising prices isn’t just due to one thing such as money printing/changing fractional reserve ratios. There were times in history where demand was the cause of inflation in necessities of life (drawing on the savings of an enlarging populace, for example).
Of note, sometimes rising prices meant more gold was mined but not always. Gold gets mined when there is a profit to mine it…government regulations, labor costs, and energy costs can vary at least somewhat independently from costs of food/clothing/shelter etc. The “higher prices means more gold gets mined” feedback loop was frequently disrupted or delayed, and the results were bloody.
Does Bitcoin fix this? I’m not sure. I think so, presuming the masses refuse to enslave themselves to a debt denominated in bitcoin.