Dark⚡J on Nostr: Most things should get cheaper over time due to production efficiency gains, yet ...
Most things should get cheaper over time due to production efficiency gains, yet things are getting more expensive all around the world. This is because governments steal the productivity gains and then some through inflation. This is an extra form of taxation and another way that the system transfers wealth from the working classes to those closest to the money printing spigot. The process by which this occurs is called the Cantillon Effect.
Published at
2023-08-14 18:15:32Event JSON
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"content": "Most things should get cheaper over time due to production efficiency gains, yet things are getting more expensive all around the world. This is because governments steal the productivity gains and then some through inflation. This is an extra form of taxation and another way that the system transfers wealth from the working classes to those closest to the money printing spigot. The process by which this occurs is called the Cantillon Effect.",
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