ChurchOfCovid1984 on Nostr: The game is rigged, the economic system is based on consumption. Money Supply x ...
The game is rigged, the economic system is based on consumption.
Money Supply x Velocity = price/inflation x real GDP
which means that if you save, velocity goes down which means inflation and gdp go down OR the central banks go full QE = bigger prices AND economic growth 😂
Conversely, in case of BTC, MS+V is constant which means 0 inflation and 0 growth based on the ancient paradigm of eternal growth.
That's why #BTC cannot exist for real as a unit of exchange/trade as long as it is quantified in fiat currency.
Money Supply x Velocity = price/inflation x real GDP
which means that if you save, velocity goes down which means inflation and gdp go down OR the central banks go full QE = bigger prices AND economic growth 😂
Conversely, in case of BTC, MS+V is constant which means 0 inflation and 0 growth based on the ancient paradigm of eternal growth.
That's why #BTC cannot exist for real as a unit of exchange/trade as long as it is quantified in fiat currency.