Oddbean new post about login | logout One of the most sinister lies of the establishment, is that we should be afraid of economic disaster if everything was consistently getting more affordable. ie. Natural deflation hurts the economy, thus the counterfeit class is “saving us.” https://youtu.be/vknNY3oTABc?si=7eSOiFqXpNn1GDgW
Watching now. 😎👍
This is an excellent argument. The parallel to the tech industry really drives the point home in a way that is impossible to argue with while staying in the world of facts and reason. nostr:nevent1qqsxnlxmhyxegd27mh38kkjmxnk39hl6uul7uqxc4t2mzlrj5edwgngpp4mhxue69uhkummn9ekx7mqzyzu7we2xhgry2mknq8v7227yn7jguu9xhu3g90n6rtnjj3mpyq3acqcyqqqqqqgakkt9h
“Oh no my cost of living went down, that’s terrible! I wish someone would print money to dilute my purchasing power and make my life more difficult!” - said no-one ever. I find talking about the madness of fiat to be a far stronger orangepill than talking about Bitcoin. When people join the fiat dots, they want out.
Also GDP is measuring the amount of transactions instead of the amount of tangible wealth people actually produce and possess
