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Who said anything about inflation. It's about central planners arbitrarily moving around purchasing power in the system. If I have $10 and you have $10, and th
by louloulou 5y ago
Who said anything about inflation. It's about central planners arbitrarily moving around purchasing power in the system.
If I have $10 and you have $10, and then someone prints $10 and gives it to you. You went from having the same purchasing power as me to double mine, without any change to the available goods and services.
> lenders have always had a way out in this situation: investing
Yeah, that's why we're investing in a fairer monetary system, where this power to create money arbitrarily doesn't exist.
- mohanmcgeek 5y agoIf you choose to "invest" in a Ponzi scheme that's your predicament. My point is that equity: public or private, has always been an alternative everytime lending money isn't worth the while. Bitcoin brought nothing to the table.