We are starting to see the consumer crack. We have fallen into the trap of loose credit conditions, revenge spending, an erosion of American values - and high-time preference behavior.
We need to return to commodity-based money that rewards savers over consumption!
Why do Americans spend so much money compared to other countries? Why is it that we are the most indebted consumers & we are always trying to chase more & more?
In this podcast, I go over how fiat is behind this & how I think #bitcoin can improve this.👇
https://youtu.be/0choxJX5phY
satsmate / Paul
npub1na2…uhvd
2024-05-21 05:08:10
Author Public Key
npub1na2hulq74ljdmzxk7pg00gwg5nxpgz8mewphqgm29c6c7w3a50jsg8uhvdPublished at
2024-05-21 05:08:10Event JSON
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"content": "We are starting to see the consumer crack. We have fallen into the trap of loose credit conditions, revenge spending, an erosion of American values - and high-time preference behavior. \n\nWe need to return to commodity-based money that rewards savers over consumption!\n\nWhy do Americans spend so much money compared to other countries? Why is it that we are the most indebted consumers \u0026 we are always trying to chase more \u0026 more?\n\nIn this podcast, I go over how fiat is behind this \u0026 how I think #bitcoin can improve this.👇\n\nhttps://youtu.be/0choxJX5phY",
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