Cykros on Nostr: Developers typically build on borrowed money. Debasement robs savers, but it does so ...
Developers typically build on borrowed money. Debasement robs savers, but it does so to reward borrowers, who pay off their debts with less value than their original liability was worth. If anything leaving gold should have helped.
More likely it's due to excess government spending and central planning distorting the economy with misallocation of resources. Which, in fairness, did also lead to abandoning the gold standard.
Published at
2024-09-10 00:50:09Event JSON
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