cactusblossom on Nostr: The value of goods and services are going down over time, due to efficiency ...
The value of goods and services are going down over time, due to efficiency increases, at a rate of around 5% / year. The banks can print enough money to soak that up unnoticed, and then an extra 2% just because they can. It's essentially a stealth transfer of wealth from the people to the banks and it's been going on for decades/centuries.
#bitcoin fixes this
Published at
2024-03-23 01:52:11Event JSON
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"content": "The value of goods and services are going down over time, due to efficiency increases, at a rate of around 5% / year. The banks can print enough money to soak that up unnoticed, and then an extra 2% just because they can. It's essentially a stealth transfer of wealth from the people to the banks and it's been going on for decades/centuries.\n\n#bitcoin fixes this",
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