Government intervention in any sector of the economy leads to inefficiencies, waste, and inferior products and services. This also applies to money, where deficits, money printing, and interest rate manipulation create market distortions and result in malinvestments – investments that would likely not occur in an intervention free market. Ironically, central banks, which were supposedly created to stabilize financial markets and control economic booms and busts, contribute to these and exacerbate them significantly.
#Bitcoin fixes this.
The Coin Files
npub1w6…w4fzu
2023-12-20 16:31:50
Author Public Key
npub1w6cjjl03lzgn3gj42uyh9myaqsukqcp7h2z6p35sml5sx8temy6qxw4fzuPublished at
2023-12-20 16:31:50Event JSON
{
"id": "16869fcbc0f7a4a913fcb0e1dbb2d02a5e4add7dc56e4e6ed95b3ef1faa7de36",
"pubkey": "76b1297df1f89138a255570972ec9d043960603eba85a0c690dfe9031d79d934",
"created_at": 1703086310,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "Government intervention in any sector of the economy leads to inefficiencies, waste, and inferior products and services. This also applies to money, where deficits, money printing, and interest rate manipulation create market distortions and result in malinvestments – investments that would likely not occur in an intervention free market. Ironically, central banks, which were supposedly created to stabilize financial markets and control economic booms and busts, contribute to these and exacerbate them significantly.\n\n#Bitcoin fixes this.",
"sig": "157af0d3bd10a3e5b971405a008a0407b0ffac38b773bea78bf3f1f773c059b796ddb6fe3acf4adaf518def252052a6d776c64cac7efb907f4e4f80256ce46e0"
}