sovereignbull on Nostr: If we turned the clock back 50 years, even a low wage fast food employee would be ...
If we turned the clock back 50 years, even a low wage fast food employee would be making enough to buy a house and live comfortably. There is no need for “minimum wage” and all the hours people waste arguing about it.
That too is a fiat scam, because in a fixed monetary system, your currency doesn’t lose value.
ALL that changed during this period was inflation. They made the money worthless, but people don’t seem understand that they have and continue to rob us of our purchasing power. A slow rate of inflation is intentional so people don’t notice. But when you zoom out over half a century, it becomes clear that this is the primary way they have impoverished people.
#Bitcoin fixes this.
That too is a fiat scam, because in a fixed monetary system, your currency doesn’t lose value.
ALL that changed during this period was inflation. They made the money worthless, but people don’t seem understand that they have and continue to rob us of our purchasing power. A slow rate of inflation is intentional so people don’t notice. But when you zoom out over half a century, it becomes clear that this is the primary way they have impoverished people.
#Bitcoin fixes this.