Jeff Booth on Nostr: Mises quote comes to mind when reading this. “There is no means of avoiding the ...
Mises quote comes to mind when reading this.
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The only alternative is whether the crises should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved”
https://creditbubblebulletin.blogspot.com/2023/08/weekly-commentary-crisis-of-confidence.html?m=1
Remember - it is not fiat dollars pricing #Bitcoin. It is #Bitcoin repricing everything else (with a lag and over a longer time horizon)
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The only alternative is whether the crises should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved”
https://creditbubblebulletin.blogspot.com/2023/08/weekly-commentary-crisis-of-confidence.html?m=1
Remember - it is not fiat dollars pricing #Bitcoin. It is #Bitcoin repricing everything else (with a lag and over a longer time horizon)