Tim Bouma on Nostr: This is so true. Also true with central banking, where Walter Bagehot admitted as ...
This is so true.
Also true with central banking, where Walter Bagehot admitted as such, that central banking was a less stable alternative to the private banking system.
Managing short-term volatility at the expense of long-term stability.
Now that banks have adopted ‘inflation-fighting’ as their primary mission, they are fomenting long-term instability by taming short-term volatility. A perfect union for government whose time horizon only goes to the next election
Also true with central banking, where Walter Bagehot admitted as such, that central banking was a less stable alternative to the private banking system.
Managing short-term volatility at the expense of long-term stability.
Now that banks have adopted ‘inflation-fighting’ as their primary mission, they are fomenting long-term instability by taming short-term volatility. A perfect union for government whose time horizon only goes to the next election
quoting note1phn…chy0we have always been a part of nature, governed by its immutable laws. we create and rely on complex systems—financial, social, and technological—that push us forward, but along the way, these abstractions often distance us from what is real.
throughout history, these constructs have been useful, but they become unstable when they stray too far from nature’s fundamental truths. lies and illusions, no matter how sophisticated, cannot function effectively on a large scale because they aren’t grounded in reality.
the further we distance ourselves from these truths, the more instability—both within ourselves and as a society.
our modern-day financial systems, government, social media, and more have drifted too far from the truth. not the truth handed down by the right person, ceo, or banker, but the truth that is physical, rooted in nature, in who we are.
bitcoin and nostr are part of a broader trend back to this truth, as we find our way in this new digital age. a return to something real—decentralized, unmanipulated, and aligned with the natural order—just like nature itself
