Inflation is the extraction of value from moneyholders to whomever the moneyprinters wish to unfairly reward.
Deflation is value paid by new producers to all existing moneyholders to reward them for producing value in society and saving their money instead of hedonistically spending it.
The past 5 years (since the beginning of COVID insanity) has felt like the cursed version of "may you live in interesting times."
The world's beginning to feel like we're about to have the blessed version of interesting times instead. Here's hoping!
Regardless: keep stacking #Bitcoin
I get the point of this meme, but didn’t we all universally mock Bully McGuire for like 20 years? I think the hatred of awkward dancing is gender-agnostic.
So Biden has officially pardoned the J6 committee, Fauci, and Milley. I wasn't sure how well tested the legal theory of preemptive pardons is, so I asked Grok. If others have more info, I'm definitely curious to learn more. https://x.com/i/grok/share/xQ76xkzqWs8aqVuGbB1fBwfLY
One of the few non Austrian economics ideas that makes sense to me is velocity is money. The more often the same unit of money is used in transactions, the larger it’s impact on things like inflation. However, per my understanding, Austrian economics does not use this concept. Can anyone explain how Austrian economics addresses this? #economics #asknostr