I suppose from a central banker’s POV, the benefits of inflation are more widely spread as compared to the concentrated gains made by those early to Bitcoin.
e.g. if inflation is at 2% but my pay rise is at 5% then I’m ok. And for those who can’t secure pay rises above inflation then the government’s increased tax haul linked to inflation (fiscal drag, greater receipts from sales taxes) helps fund support from social welfare programmes.
frphank (npub1g7l…8yd9) what’s the best argument you have in favour of the current monetary system?
halalmoney /
npub1vd…97rjz
2024-10-19 10:25:46
in reply to nevent1q…c0pu
Author Public Key
npub1vdaz78d96t7pjakpfmqqlr4wgq26l6vmkf25782n05qgdgtfmk8s297rjzPublished at
2024-10-19 10:25:46Event JSON
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"content": "I suppose from a central banker’s POV, the benefits of inflation are more widely spread as compared to the concentrated gains made by those early to Bitcoin.\n\ne.g. if inflation is at 2% but my pay rise is at 5% then I’m ok. And for those who can’t secure pay rises above inflation then the government’s increased tax haul linked to inflation (fiscal drag, greater receipts from sales taxes) helps fund support from social welfare programmes.\n\nnostr:npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9 what’s the best argument you have in favour of the current monetary system?\n",
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