The Coin Files on Nostr: Government intervention in any sector of the economy leads to inefficiencies, waste, ...
Government intervention in any sector of the economy leads to inefficiencies, waste, and inferior products and services. This also applies to money, where deficits, money printing, and interest rate manipulation create market distortions and result in malinvestments – investments that would likely not occur in an intervention free market. Ironically, central banks, which were supposedly created to stabilize financial markets and control economic booms and busts, contribute to these and exacerbate them significantly.
#Bitcoin fixes this.
Published at
2023-12-20 15:31:50Event JSON
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"pubkey": "76b1297df1f89138a255570972ec9d043960603eba85a0c690dfe9031d79d934",
"created_at": 1703086310,
"kind": 1,
"tags": [
[
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"content": "Government intervention in any sector of the economy leads to inefficiencies, waste, and inferior products and services. This also applies to money, where deficits, money printing, and interest rate manipulation create market distortions and result in malinvestments – investments that would likely not occur in an intervention free market. Ironically, central banks, which were supposedly created to stabilize financial markets and control economic booms and busts, contribute to these and exacerbate them significantly.\n\n#Bitcoin fixes this.",
"sig": "157af0d3bd10a3e5b971405a008a0407b0ffac38b773bea78bf3f1f773c059b796ddb6fe3acf4adaf518def252052a6d776c64cac7efb907f4e4f80256ce46e0"
}
