Government deficits and debt financing through the expansion of the money supply are theft from future generations. Their consequence is the dilution of the purchasing power of the currency.
We are taught in finance not to spend what we don't have. In other words, never use debt to buy what you currently can't afford to purchase with savings. Yet, the government does it all the time.
It's time we get on a hard money standard that keeps this type of activity in check.
Gold is not the solution.
#Bitcoin is better.
The Coin Files
npub1w6…w4fzu
2023-11-24 16:54:45
Author Public Key
npub1w6cjjl03lzgn3gj42uyh9myaqsukqcp7h2z6p35sml5sx8temy6qxw4fzuPublished at
2023-11-24 16:54:45Event JSON
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"pubkey": "76b1297df1f89138a255570972ec9d043960603eba85a0c690dfe9031d79d934",
"created_at": 1700841285,
"kind": 1,
"tags": [
[
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"content": "Government deficits and debt financing through the expansion of the money supply are theft from future generations. Their consequence is the dilution of the purchasing power of the currency.\n\nWe are taught in finance not to spend what we don't have. In other words, never use debt to buy what you currently can't afford to purchase with savings. Yet, the government does it all the time.\n\nIt's time we get on a hard money standard that keeps this type of activity in check.\n\nGold is not the solution.\n\n#Bitcoin is better.",
"sig": "3261617ad1bf840977ea4043c212ed3bbd4307f7af2aedb246e9e4e2abec784fa500a45bccf383062a7b232c73216848b54cfba684979586fe2d93221aa9851e"
}