Sound Money on Nostr: The State has access to an infinite amount of currency units. These units are ...

The State has access to an infinite amount of currency units. These units are infinite which dilutes the purchasing power of savers of those units yet they are 'borrowed' by the State. This means they tax you in order to repay the borrowed units and the interest that accrues.

Savers are screwed in two ways. Their purchasing power is diluted while their tax obligations increase as the borrowing grows.

That's the fiat world.

Thank God for ₿