Toby McMann on Nostr: As people increasingly realize that monetary intervention does not decrease the cost ...
As people increasingly realize that monetary intervention does not decrease the cost of borrowing or increase the availabilty of financial capital, but actually causes capital scarcity and higher costs (as people and institutions avoid investments with a likelihood of debasement and loss), trust in government and its fiat money is lost.
Due to mistrust, the currency will increasingly fail over time relative to scarce money, as will society, because socialism does not work, and people will find ways to protect their individual interests.
Key points:
- Government interventions in the market price for goods (including money and currency) creates scarcity, not abundance.
- More and more intervention leads to socialism and complete central control.
- The collapse of manipulated money occurs on a timeline which mirrors people's failing trust in the current monetary system. Same with government.
- #bitcoin is a big idea.
note14x5…zqc0
Published at
2024-05-05 11:50:21Event JSON
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