U.S. debt now exceeds the total value of every ounce of gold ever mined.
Economista Austriaco
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Austrian Economics | Bitcoin for Freedom | Nostr for Freedom of Speech
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“One of the great mistakes is to judge policies and programs by their intentions rather than their results.”
— Milton Friedman
After just 45 DAYS in office, Mayor Zohran Mamdani just said he’ll be “forced to raid the rainy day fund, retiree health benefits reserve, AND increase property taxes” to fund his BS promises
Those are HIS WORDS!
NYC is circling the drain
@negrunch just successfully completed the first P2P order in history between a human and an AI using @npub1m0st...40un 🙌🏽💜
They have users.
Nostr has sovereign individuals.
I'm starting to think politicians make false promises just to get elected. 😅
1971:
-Gold was $43/oz
-Average hourly wage was $3.70
-Time needed to buy one oz of gold: 11.6 hours
2026:
-Gold: $5,000/oz
-Average hourly wage: $28
-Time needed to buy one oz of gold: 179 hours
What does this mean?
Your time is literally less valuable today than it was 50 years ago. Look at it this way:
In 1971: Work 12 hours ➡️ get 1 ounce of gold
In 2026: Work 12 hours ➡️ get 0.07 ounces of gold
Gold is still gold. One hour is still one hour.