StackSats on Nostr: The destruction of wealth in savings through inflation does not magically create more ...
The destruction of wealth in savings through inflation does not magically create more productive opportunities in society, as Keynesian fantasists want to believe; it reallocates that wealth into destructive and failed business opportunities, which yield a positive nominal but a negative real return, resulting in capital destruction.
#Bitcoin fixes this.
Published at
2024-06-19 20:01:53Event JSON
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"content": "The destruction of wealth in savings through inflation does not magically create more productive opportunities in society, as Keynesian fantasists want to believe; it reallocates that wealth into destructive and failed business opportunities, which yield a positive nominal but a negative real return, resulting in capital destruction.\n\n#Bitcoin fixes this.",
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