Valence on Nostr: Most humans value a dollar today more than a dollar in the future, which is why ...
Most humans value a dollar today more than a dollar in the future, which is why interest is charged on loans issued today.
The central banking cartel unnaturally manipulates said interest rate, interfering with free market rates and real assessment of risk.
The banking system and federal government can create money via multiple mechanisms, fractional reserves lending, quantitative easing, yield curve control, etc.
All of these mechanisms have exacerbated the humans time preference for a dollar today versus tomorrow, resulting in no capital formation by the lower and middle class.
As a result, capital formation is in the hands of a select few who are blessed by the government and banks via low interest lending.
Bitcoin, due to it being in it's monetization phase and fixed supply, reverses all of this, and ensures the lower and middle class can store their time and energy spent into a currency that is likely to be more valuable tomorrow compared to today.
People just have to chose the solution made available to them. Freedom requires responsibility on the part of the individual.
The central banking cartel unnaturally manipulates said interest rate, interfering with free market rates and real assessment of risk.
The banking system and federal government can create money via multiple mechanisms, fractional reserves lending, quantitative easing, yield curve control, etc.
All of these mechanisms have exacerbated the humans time preference for a dollar today versus tomorrow, resulting in no capital formation by the lower and middle class.
As a result, capital formation is in the hands of a select few who are blessed by the government and banks via low interest lending.
Bitcoin, due to it being in it's monetization phase and fixed supply, reverses all of this, and ensures the lower and middle class can store their time and energy spent into a currency that is likely to be more valuable tomorrow compared to today.
People just have to chose the solution made available to them. Freedom requires responsibility on the part of the individual.