A Bitcoin Noob on Nostr: #[0] eloquently asserts: Prices fall to the marginal costs of production. ...
Jeff Booth (npub1s05…eyhe) eloquently asserts: Prices fall to the marginal costs of production. Technology is growing at an exponential rate, which should make prices of everything fall, and fall faster every year. Our system is based on debt/credit, so the only way for the system to pay for its debt is to continually increase the money supply (inflating the currency and devaluing the money), causing some people to keep up (house owners, stock owners, anyone close to the money printer) but leaving most of us having higher prices without wages keeping up, thus decreasing our standard of living because we all have less purchasing power.
https://www.youtube.com/watch?v=FChT-OoQxAY&feature=youtu.be Published at
2023-04-24 15:08:49Event JSON
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"content": "#[0] eloquently asserts: Prices fall to the marginal costs of production. Technology is growing at an exponential rate, which should make prices of everything fall, and fall faster every year. Our system is based on debt/credit, so the only way for the system to pay for its debt is to continually increase the money supply (inflating the currency and devaluing the money), causing some people to keep up (house owners, stock owners, anyone close to the money printer) but leaving most of us having higher prices without wages keeping up, thus decreasing our standard of living because we all have less purchasing power. https://www.youtube.com/watch?v=FChT-OoQxAY\u0026feature=youtu.be",
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}
