princeofsats on Nostr: Another banger: Just as a stock certificate is title to company property, money is ...
Another banger:
Just as a stock certificate is title to company property, money is title to human time. People sacrifice their time for money, expecting to trade that money in the future for the time sacrifices of others. When central(ized) banks breach trust by printing money – destroying the savings, and dignity, of the innocently trusting billions of people who had not exchanged their savings for a valuable hard asset – they steal time. Gruesome.
Just as a stock certificate is title to company property, money is title to human time. People sacrifice their time for money, expecting to trade that money in the future for the time sacrifices of others. When central(ized) banks breach trust by printing money – destroying the savings, and dignity, of the innocently trusting billions of people who had not exchanged their savings for a valuable hard asset – they steal time. Gruesome.
quoting nevent1q…gjd7If you haven't read what Ross wrote at the end of the year, you should.
https://www.nydig.com/research/stone-ridge-2024-investor-letter