benenrjdnz

3 ms·

1. 1.▲
   by benenrjdnz 18d ago

   Money is destroyed when a loan is paid back. Private credit does not expand the monetary supply permanently. Only the state can increase the money supply.
2. 2.▲
   by benenrjdnz 18d ago

   Can you provide an example of deflation destroying an economy in history? There are many more examples of inflation destroying economies.
3. 3.▲
   by benenrjdnz 18d ago

   Bitcoin doesn’t pay interest. And that’s a good thing.
4. 4.▲
   by benenrjdnz 18d ago

   Deflation is a good thing, it rewards delayed gratification. Those evil Keynesians have convinced the world a little bit of inflation is good. It isn’t. Losing purchasing power on your money is a bug. Nothing wrong with putting money under
5. 5.▲
   by benenrjdnz 26d ago

   Probably for the best. Humanity had a good run, but this is no longer our civilization. Your best course of action is to start ripping the copper out of the walls.
6. 6.▲
   by benenrjdnz 26d ago

   If your name is banksy, because a new banksy appearing in front of my house would increase the value of the entire block.