The State has access to an infinite amount of currency units. These units are infinite which dilutes the purchasing power of savers of those units yet they are 'borrowed' by the State. This means they tax you in order to repay the borrowed units and the interest that accrues.
Savers are screwed in two ways. Their purchasing power is diluted while their tax obligations increase as the borrowing grows.
That's the fiat world.
Thank God for ₿
Sound Money /
npub1pk…mgwnd
2024-07-16 01:38:29
Author Public Key
npub1pk37s3t84s087s246juhnfnwynv8g2jc8emsdkt2fk42xa7v0tdq5mgwndPublished at
2024-07-16 01:38:29Event JSON
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"kind": 1,
"tags": [],
"content": "The State has access to an infinite amount of currency units. These units are infinite which dilutes the purchasing power of savers of those units yet they are 'borrowed' by the State. This means they tax you in order to repay the borrowed units and the interest that accrues.\n\nSavers are screwed in two ways. Their purchasing power is diluted while their tax obligations increase as the borrowing grows. \n\nThat's the fiat world.\n\nThank God for ₿ ",
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}