elsat on Nostr: eob appreciate you asking tough questions of how pre-nostr EU edicts might affect ...
eob (npub1aaq…ykwv) appreciate you asking tough questions of how pre-nostr EU edicts might affect nostr EU folk.
Now let me push back on your worldview.
“2% inflation is a reasonable buffer”; “risk of deflation” is the standard keynisian dogma taught in fiat schools.
Is it really bad if technology gets cheaper year over year, and the consumer receives more for less?
eob (npub1aaq…ykwv) I encourage you to check out Jeff Booth (npub1s05…eyhe) ‘s 📕 The Price of Tomorrow. The fundamental clash is fiat inflationary theft of people’s savings (and therefore time) vs. the benefit of entrepreneurship and tech in providing deflationary goods, services.
Here is Jeff laying out the thesis, and discussing implications. He is a tech veteran, so you should hopefully enjoy:
https://youtu.be/xwQtDPHeCWQ
Now let me push back on your worldview.
“2% inflation is a reasonable buffer”; “risk of deflation” is the standard keynisian dogma taught in fiat schools.
Is it really bad if technology gets cheaper year over year, and the consumer receives more for less?
eob (npub1aaq…ykwv) I encourage you to check out Jeff Booth (npub1s05…eyhe) ‘s 📕 The Price of Tomorrow. The fundamental clash is fiat inflationary theft of people’s savings (and therefore time) vs. the benefit of entrepreneurship and tech in providing deflationary goods, services.
Here is Jeff laying out the thesis, and discussing implications. He is a tech veteran, so you should hopefully enjoy:
https://youtu.be/xwQtDPHeCWQ