5min chapter

The "What is Money?" Show cover image

Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)

The "What is Money?" Show

CHAPTER

The First Order Consequences of Economization

When you actually evaluate what an economy's doing, that's, that's asinine. We should expect prices to decline over time if we are successfully economizing human action on a large scale. The first order consequence of this is lik, just the first order. I want my home and paycheck to go up, to go up. But it fails to account for broader priced efflation. So am, you know, price of your labor may be contracting, but the cost of living that you are subject to should also be declining. And a hard money, freemarket economy can work under total dictatorship. It took something as massive as world war one to just break our connection with convert

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