Solstin on Nostr: Capital Etymology #AES #Bitcoin §52 In our hyper-financialized, fiat world, it’s ...
Capital Etymology
#AES #Bitcoin §52
In our hyper-financialized, fiat world, it’s easy to lose sight of what built wealth in the first place. Adam Smith’s Wealth of Nations, published in 1776, was a good framework contributing to the U.S.’s success over the past 250 years. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue."
#AES #Bitcoin §52
In our hyper-financialized, fiat world, it’s easy to lose sight of what built wealth in the first place. Adam Smith’s Wealth of Nations, published in 1776, was a good framework contributing to the U.S.’s success over the past 250 years. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue."