BitcoinAlchemist on Nostr: Debt, with the help of compound interest, is the only asset class that grows without ...
Debt, with the help of compound interest, is the only asset class that grows without any regard to entropy. All assets depreciate, and require external energy as inputs to reverse entropy. Not debt. Debt grows infinitely with mathematical precision over time. With the help of state violence, it is the perfect scam to enslave populations.
Fredrick Soddy talked about this in his books on thermoeconomics back 100 years ago. He predicted everything would be swallowed up by debt as it has been today.
Published at
2024-09-01 07:22:21Event JSON
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"content": "Debt, with the help of compound interest, is the only asset class that grows without any regard to entropy. All assets depreciate, and require external energy as inputs to reverse entropy. Not debt. Debt grows infinitely with mathematical precision over time. With the help of state violence, it is the perfect scam to enslave populations.\n\nFredrick Soddy talked about this in his books on thermoeconomics back 100 years ago. He predicted everything would be swallowed up by debt as it has been today.",
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