squirrelmaster on Nostr: You’re making 2 big assumptions here: 1. That price inflation is caused only by an ...
You’re making 2 big assumptions here:
1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances
2. That there’s no benefit to you and me from government spending
Even if we were on a #Bitcoin standard, what would stop the egg producer from charging you 250 sats for a carton of eggs to 500 sats? Would the egg producer be “stealing” from you too?
Published at
2023-02-22 12:57:59Event JSON
{
"id": "c97196e7d7c58a0c45b6f4b64e902c114518155a768af3aba394602176e77dd4",
"pubkey": "631d4c6f9fd99805a364a2077adec3d6521ed912749d69402aae95f9cdfcd31c",
"created_at": 1677070679,
"kind": 1,
"tags": [
[
"e",
"4a824b87837b0cc32d251bd841e7791504fef5b9f45aa25cf85d810189048ca7",
""
],
[
"e",
"ef326bb2f38ccd1dab65f11624c0faf40a1f153faa5015617bbf9492c6cdf233"
],
[
"p",
"6e468422dfb74a5738702a8823b9b28168abab8655faacb6853cd0ee15deee93"
],
[
"p",
"68111eaf58df6f0aa41fe3d5effff6d96aab95f723110e1800c9428a85e584df"
],
[
"p",
"6e468422dfb74a5738702a8823b9b28168abab8655faacb6853cd0ee15deee93"
],
[
"p",
"9e9159423eac7c7595e31deb22641d02691f632f0111cf17951d3684f8133dec"
],
[
"t",
"bitcoin"
]
],
"content": "You’re making 2 big assumptions here:\n1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances\n2. That there’s no benefit to you and me from government spending \n\nEven if we were on a #Bitcoin standard, what would stop the egg producer from charging you 250 sats for a carton of eggs to 500 sats? Would the egg producer be “stealing” from you too?",
"sig": "fbd50361654f3cb2c46f777418bd9e45dc500de05da140e9c6040fb9f7fcfb97b665f4a52b555fb07b5606c30875c88710d7e97022a818f8b30afa8850c3198a"
}
