saifedean on Nostr: Completely false. Germany & Japan dominated post WW2 industrialization with strong ...
Completely false. Germany & Japan dominated post WW2 industrialization with strong currencies, as does China now. The industrial revolution happened on a gold standard. Switzerland stayed on the gold standard and had the highest productivity in the world. The idea that destroying your currency creates industrialization is another criminal fiat lie to promote inflation and benefit parasitic scum. It's the equivalent of telling you that selling your work tools will increase your revenue and raise your productivity. You're destroying your capital stock and devaluing everyone's wealth, forcing them to sell more to survive, and then taking these added sales as a mark of success rather than criminal theft.
Published at
2023-05-04 07:56:33Event JSON
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"content": "Completely false. Germany \u0026 Japan dominated post WW2 industrialization with strong currencies, as does China now. The industrial revolution happened on a gold standard. Switzerland stayed on the gold standard and had the highest productivity in the world. The idea that destroying your currency creates industrialization is another criminal fiat lie to promote inflation and benefit parasitic scum. It's the equivalent of telling you that selling your work tools will increase your revenue and raise your productivity. You're destroying your capital stock and devaluing everyone's wealth, forcing them to sell more to survive, and then taking these added sales as a mark of success rather than criminal theft.",
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