BankSith on Nostr: In business school, I grasped the concepts of Discounted Cash Flow (DCF) and the ...
In business school, I grasped the concepts of Discounted Cash Flow (DCF) and the significance of time value. However, the intricacies of how money is generated were not part of the curriculum. Questions like who has the authority over the money supply, the mechanics of money's function, and whether money is a controlled entity were left unexplored. The identity of Richard Cantillon and the events of 1971 that shaped our economic landscape were not discussed. I still wonder why?
The destructive impact of inflation across various nations and the puzzling nature of central bank inflation data, which often contradicts the tangible experience of price increases in the supermarket, were topics I had to investigate independently.
The notion that governments might deliberately engineer #inflation as a covert form of taxation, bypassing the legislative process, was a revelation I encountered outside the classroom.
My journey in the banking sector led me to self-education on the economic roles of hard moneys such #gold, #silver and #bitcoin. I delved into the economic theories of Hayek and Friedman learned to evaluate these concepts critically. I believe it's essential to educate oneself and pass this knowledge to the next generation.
The destructive impact of inflation across various nations and the puzzling nature of central bank inflation data, which often contradicts the tangible experience of price increases in the supermarket, were topics I had to investigate independently.
The notion that governments might deliberately engineer #inflation as a covert form of taxation, bypassing the legislative process, was a revelation I encountered outside the classroom.
My journey in the banking sector led me to self-education on the economic roles of hard moneys such #gold, #silver and #bitcoin. I delved into the economic theories of Hayek and Friedman learned to evaluate these concepts critically. I believe it's essential to educate oneself and pass this knowledge to the next generation.