SavageThoughts on Nostr: Im currently reading Rothbard's "What Has Government Done to Our Money." There was a ...
Im currently reading Rothbard's "What Has Government Done to Our Money." There was a quote in there that I read today in your voice.
"Increased productivity tends to lower prices (and costs) and thereby distribute the fruits of free enterprise to all the public, raising the standard of living for all consumers. Forcible propping up of the price level prevents this spread of higher living standards."
Chp 10 of the book, "Stabalize the Price Level?"
Jeff Booth (npub1s05…eyhe)
"Increased productivity tends to lower prices (and costs) and thereby distribute the fruits of free enterprise to all the public, raising the standard of living for all consumers. Forcible propping up of the price level prevents this spread of higher living standards."
Chp 10 of the book, "Stabalize the Price Level?"
quoting note1xc6…a6g2The speed of computation leads to productivity gains that should flow to society in the form of lower prices (but can’t from a currency that requires inflation) That IS the driver of the manipulation of currencies and centralization from it. (Because currency needs ever increasing manipulation to stop the free market)
If measuring from bitcoin, that deflation is flowing to you (instead of being stolen from you) You active participation here is a signal that you are on (or at least learning and contributing) to protocols that bring freedom and abundance.
In other words, we decide for ourselves what system we make stronger through our actions.
Jeff Booth (npub1s05…eyhe)