i completely agree with that.
but let me ask what happens in a highly inflationary environment when Cantillionaires get a shitton of new money?
do you agree Nvidia is accurately valued?
what about Tesla?
the new money seeks the highest-perceived returns. it creates an overbought condition over the entire upper layer of the economy. eventually that new money decide to exit and crashes the market.
in such a situation people arent aware the price they see in the chart
isnt the "honest price" or real social utility of the item.
its because a bunch of degen gamblers think itll go higher.
i think not understanding that is a problem.
you can call it the free market functioning if you like,
and you're not technically wrong.
but prices are fucked on a fiat standard.
Kanzan
npub1lx…6svxa
2025-05-10 13:08:26
in reply to nevent1q…26hs
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaPublished at
2025-05-10 13:08:26Event JSON
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