It is a refreshing perspective to consider, when my beliefs have caused much animosity and resentment:
LynAlden (npub1a2c…w83a) suggests that the introduction and need for speed in the settlement layer of domestic and international transactions not satisfied by the properties of gold, was the main incentive for policymakers and central bankers to issue more paper claims for gold in relation to actual gold held in reserves.
It was the evolution of technology in the global financial system, or lack thereof, that incentivized what we today call money printing, not greed or evil.
When I understood her point, my heart started to heal from the correlated anger and frustration for cental planners.
Sure, they are to blame for misusing the system to their advantage, however not for the ability to misuse it.
#economy #USDebt #bitcoin
felipe / Felipe
npub1za…h7kyn
2024-08-26 16:16:23
Author Public Key
npub1zan7zxlmqys7qtryw0wh0dysgqelady8x5qauw494ahlzau0vsrqth7kynPublished at
2024-08-26 16:16:23Event JSON
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"content": "It is a refreshing perspective to consider, when my beliefs have caused much animosity and resentment:\n\nnostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a suggests that the introduction and need for speed in the settlement layer of domestic and international transactions not satisfied by the properties of gold, was the main incentive for policymakers and central bankers to issue more paper claims for gold in relation to actual gold held in reserves.\n\nIt was the evolution of technology in the global financial system, or lack thereof, that incentivized what we today call money printing, not greed or evil.\n\nWhen I understood her point, my heart started to heal from the correlated anger and frustration for cental planners.\n\nSure, they are to blame for misusing the system to their advantage, however not for the ability to misuse it.\n\n#economy #USDebt #bitcoin",
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