Oddbean new post about login | logout Gm https://i.nostr.build/rMgOIZNmgHLlqfF0.jpg Fiat money printing not only causes inflation, it causes the Cantillon effect. The rich get richer and the poor get poorer because new money goes to those closest to the money printer first. They get cheap loans to buy assets and we get 25% interest on credit cards. Truly, the poor are slaves to bankers. But bitcoins cannot be endlessly printed like fiat!
Very nice!
