ryan on Nostr: Annual inflation rate reaches 2.6%. I had a discussion with someone recently about ...
Annual inflation rate reaches 2.6%.
I had a discussion with someone recently about why everything is so expensive and getting more so. It comes down to my government (USA) devaluing the dollar. It’s not from companies being greedy, especially in markets with sufficient competition, there’s not much room to gouge, but no business is there to lose money. Their costs are going up just like ours. It comes down to irresponsible spending by my government. It comes down to our debt payments being larger than our military spending. It comes down to our currency being regularly devalued from reckless spending. It’s been going on so long that many of us think this is just normal operations of a monetary regime, and I guess, in a sense, it is. My entire life this has been the normal modus operandi. Until I started looking because Bitcoin made me look, I didn’t know any better. It’s driven by the people in the machine being overcome by a thirst for money and power. As my wife says, people don’t like their entitlements being taken away so the need for more and more to both protect and grow the entitlements drives this kind of behavior. #Bitcoin solves this.
I had a discussion with someone recently about why everything is so expensive and getting more so. It comes down to my government (USA) devaluing the dollar. It’s not from companies being greedy, especially in markets with sufficient competition, there’s not much room to gouge, but no business is there to lose money. Their costs are going up just like ours. It comes down to irresponsible spending by my government. It comes down to our debt payments being larger than our military spending. It comes down to our currency being regularly devalued from reckless spending. It’s been going on so long that many of us think this is just normal operations of a monetary regime, and I guess, in a sense, it is. My entire life this has been the normal modus operandi. Until I started looking because Bitcoin made me look, I didn’t know any better. It’s driven by the people in the machine being overcome by a thirst for money and power. As my wife says, people don’t like their entitlements being taken away so the need for more and more to both protect and grow the entitlements drives this kind of behavior. #Bitcoin solves this.