Yatima on Nostr: Printing money is cheap because it has no proof of work ...
Printing money is cheap because it has no proof of work
Socialist governments have three ways to fund their ‘free-stuff’ utopias:
1. Increase debt
2. Raise taxes
3. Inflate the currency
Given today’s economic climate, inflation is the easiest option with the money printer at their disposal, followed by higher taxes.
LynAlden (npub1a2c…w83a) note1fj6…gvcz
Published at
2024-08-29 11:45:05Event JSON
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