thebitcoinyogi on Nostr: WTF happened in 1971? The US "temporarily" suspended the convertibility of gold for ...

WTF happened in 1971?

The US "temporarily" suspended the convertibility of gold for dollars and became a fiat system, with no tie to sound money and printed out of thin air.

Issuing money "by decree" rather than in a free or natural way has distorted pricing signals, leading to perverse incentives and outcomes none more evident than in the heavily regulated healthcare industry.

For example, we've seen a 3000+% growth in middlemen administrators since the 1970s, while physician growth flatlined and faces significant provider shortages today.

#Bitcoin offers a return to a sound money standard, which could as the backbone of a healthcare system with aligned incentives.

Nostriches- please sign-up for my FREE masterclass at noon central on Thursday, June 27th to learn more about the connection between #bitcoin and #healthcare.

https://www.satoshihealth.com/registration