florin.hilbay on Nostr: When central banks create money, they don’t create value. What money printing does ...
When central banks create money, they don’t create value. What money printing does is take value from those who have money, and put it in the newly created money. The first to receive that new money are able to “invest” or dump that new money into real estate, stocks, bonds, artwork, etc. Who loses from this system? The downstream users of the money, now diluted by the earlier printing: ordinary people, fixed income savers.
#Bitcoin fixes this.
Published at
2023-04-02 15:17:57Event JSON
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"content": "When central banks create money, they don’t create value. What money printing does is take value from those who have money, and put it in the newly created money. The first to receive that new money are able to “invest” or dump that new money into real estate, stocks, bonds, artwork, etc. Who loses from this system? The downstream users of the money, now diluted by the earlier printing: ordinary people, fixed income savers.\n\n#Bitcoin fixes this.",
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