Dr. Jeff on Nostr: My favorite page on the StLouisFed .org (FRED) site: "Buying eggs with bitcoins." ...
My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
Since they started keeping track in January 2015 through August 2024, the price of a dozen eggs:
- In US dollars: Up +51.7%, from $2.11 to $3.20.
- In #bitcoin: Down -99.4%, from 925,406 sats to 5,348 sats.
CONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.
Inflationary fiat currency versus neutral inelastic energy money...
The choice is yours.
Source:
https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/Published at
2024-09-13 22:29:23Event JSON
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"content": "My favorite page on the StLouisFed .org (FRED) site:\n\n\"Buying eggs with bitcoins.\"\n\nSince they started keeping track in January 2015 through August 2024, the price of a dozen eggs:\n\n- In US dollars: Up +51.7%, from $2.11 to $3.20.\n\nhttps://m.primal.net/KpFe.png \n\n- In #bitcoin: Down -99.4%, from 925,406 sats to 5,348 sats.\n\nhttps://m.primal.net/KpFd.png \n\nCONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.\n\nInflationary fiat currency versus neutral inelastic energy money...\n\nThe choice is yours.\n\nSource: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/",
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