Oddbean new post about login | logout Do you think there would be no totalitarianism structure to control people in the future?
It may get ugly in counties on the way through but over the long term, more freedom is a certainty.
I think the level of freedom we dream of is unattainable due to the speed of computation. There's certainly going to be more control in the future all over the world
The speed of computation leads to productivity gains that should flow to society in the form of lower prices (but can’t from a currency that requires inflation) That IS the driver of the manipulation of currencies and centralization from it. (Because currency needs ever increasing manipulation to stop the free market) If measuring from bitcoin, that deflation is flowing to you (instead of being stolen from you) You active participation here is a signal that you are on (or at least learning and contributing) to protocols that bring freedom and abundance. In other words, we decide for ourselves what system we make stronger through our actions.
Beautifully said.
Thanks my friend!
Im currently reading Rothbard's "What Has Government Done to Our Money." There was a quote in there that I read today in your voice. "Increased productivity tends to lower prices (and costs) and thereby distribute the fruits of free enterprise to all the public, raising the standard of living for all consumers. Forcible propping up of the price level prevents this spread of higher living standards." Chp 10 of the book, "Stabalize the Price Level?"nostr:note1xc6xvprfp3yc3jpwelql8u2wynzaqzhu7acp99rjykuj0lw9vunqrha6g2 @Jeff Booth
Awareness is growing and spreading. In countries that have been spared of high inflation, the current context has a positive and that is we can address the topic and ppl are more likely to listen. This coupled with the ability to have bitcoin as a denominator give us the tools. Post the storm there will be sunshine.