Thank you for the very helpful illustrations of currency debasement. While just a bit mildly depressing, walking up the down escalator financially your whole life is an excellent analogy. I may just have to steal that one. ;)
It is disheartening, if not depressing. But like so many other aspects of being owned by a nation state it can also provide motivation to find alternatives that are win/win for people who would prefer to have the freedom to run their own lives and make their own choices. At long last, we are living in a time of new alternatives, and emerging potential alternatives.
Very true...I hope that those alternatives and people acting on them outpace the criminals' intent to further enslave the world through technology, including 𝒕𝒉𝒆𝒊𝒓 digital currency.
Thank you for this wonderful essay about the history of inflating fiat currency.
For those interested in a slightly deeper exposition, I recommend "What the Government Has Done to Our Money" by Murray Rothbard.
https://mises.org/online-book/what-has-government-done-our-money
Thank you for the very helpful illustrations of currency debasement. While just a bit mildly depressing, walking up the down escalator financially your whole life is an excellent analogy. I may just have to steal that one. ;)
It is disheartening, if not depressing. But like so many other aspects of being owned by a nation state it can also provide motivation to find alternatives that are win/win for people who would prefer to have the freedom to run their own lives and make their own choices. At long last, we are living in a time of new alternatives, and emerging potential alternatives.
Very true...I hope that those alternatives and people acting on them outpace the criminals' intent to further enslave the world through technology, including 𝒕𝒉𝒆𝒊𝒓 digital currency.
Bingo! Your comment reaches me at the very moment I’m writing a post about that very race.
❤️