Vacation proof-of-work: 6 h Snowboarding 🏂 1 km Swim 🏊‍♂️ 15 min Sauna 🧖 50 pages of Frederic Bastiat 📖

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„As much as one may appreciate compromise, there can be no compromise between these two principles: freedom and coercion.“ Frederic Bastiat

GM

Credit to @Dan for the prompt View quoted note →

One should wonder: Where the hell do these constant increases in productivity go if not into lower prices and more leisure time? Why are we getting better at what we do, yet everything keeps getting more expensive? Where is the logic in that? Those who pose these questions and delve into them will recognize the problem, seek a solution, and ultimately find it.

Excellent episode by @Guy Swann The booklet is a chapter from the book "The Ethics of Money Production," which I highly recommend checking out.

Fountain

Bitcoin Audible • Read_802 - How Inflation Destroys Civilization • Listen on Fountain

"The foregoing considerations are by no means an exhaustive account of the cultural and spiritual legacy of fiat inflation. But they should suffice...

GM

Property rights and capitalism constitute two fundamental pillars of human civilization. The Fiat Standard conceals a wealth redistribution system from the bottom to the top, based on a legal and standardized disregard for property rights. Such unfair redistribution inevitably leads to social upheavals and calls for actions that further erode property rights. Unfortunately, many attribute these unfair conditions to capitalism instead of the actual culprit, the fiat system based on theft. The Fiat system jeopardizes capitalism and property rights, which are indispensable prerequisites for the progress of civilization. #Bitcoin fixes this