You’re making 2 big assumptions here:
1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances
2. That there’s no benefit to you and me from government spending
Even if we were on a #Bitcoin standard, what would stop the egg producer from charging you 250 sats for a carton of eggs to 500 sats? Would the egg producer be “stealing” from you too?
squirrelmaster / Squirrel Master 🐿️ 🇮🇱 🇵🇸
npub1vv…m74hx
2023-02-22 13:57:59
in reply to nevent1q…xpru
Author Public Key
npub1vvw5cmulmxvqtgmy5grh4hkr6efpakgjwjwkjsp2462lnn0u6vwqnm74hxPublished at
2023-02-22 13:57:59Event JSON
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"content": "You’re making 2 big assumptions here:\n1. That price inflation is caused only by an increase in the money supply vs. supply-demand imbalances\n2. That there’s no benefit to you and me from government spending \n\nEven if we were on a #Bitcoin standard, what would stop the egg producer from charging you 250 sats for a carton of eggs to 500 sats? Would the egg producer be “stealing” from you too?",
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