What is Nostr?
Dr. Jeff / Dr. Jeff Ross
npub1k7v…c04l
2024-09-13 22:29:23

Dr. Jeff on Nostr: My favorite page on the StLouisFed .org (FRED) site: "Buying eggs with bitcoins." ...

My favorite page on the StLouisFed .org (FRED) site:

"Buying eggs with bitcoins."

Since they started keeping track in January 2015 through August 2024, the price of a dozen eggs:

- In US dollars: Up +51.7%, from $2.11 to $3.20.



- In #bitcoin: Down -99.4%, from 925,406 sats to 5,348 sats.



CONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.

Inflationary fiat currency versus neutral inelastic energy money...

The choice is yours.

Source: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
Author Public Key
npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l