Comte de Sats Germain on Nostr: Yeah. They teach that, too. My professors actually taught the business cycle before ...

Yeah. They teach that, too. My professors actually taught the business cycle before anything else, although they didn't credit any Austrians for it. They basically justified inflation by way of "systemic risk" - debt becoming unpayable because dollars are scarce, or more valuable than they were ehen the debt was incurred, is a systemic risk. They're not wrong. We should stop straw manning them (the bitcoin influencers) and be clear about how we intend to fix the system - by first making debt unpayable, and then making it illegal. That's the only way it can go. If you want a free market, which is a requirement for a free society, then debt must be "controlled." Eliminated, really.

Personally, I aim to be in a position to ensure the right people are arrested and jailed. Selling debt is a crime, whether the law currently agrees or not.