tw_bitcoin on Nostr: Do you know the “Cantillon Effect”? 1. New money is printed 2. The new money is ...
Do you know the “Cantillon Effect”?
1. New money is printed
2. The new money is distributed to the 1%
3. The 1% spends the new money
4. The new money leads to price inflation
5. The 99% are fucked.
Inflation always touches the 99%, never the 1%.
#Bitcoin fixes this.
-
Paul ⚡️ (npub1the…ec8s)#BitcoinTwitter
Published at
2024-01-26 12:00:06Event JSON
{
"id": "3c29de05bcbbb17276dde16856c4a67554a510583d5d3dc850be22c6dd092d96",
"pubkey": "fbeb2be7271a14196a8426e78ee4c747706be2424392b036f5fabe44331f55e3",
"created_at": 1706270406,
"kind": 1,
"tags": [
[
"p",
"5df34f4eb6aaf8c20f4ae339822fdba642a49072f79a61ad87c52bbfcb518b02"
]
],
"content": "Do you know the “Cantillon Effect”?\n\n1. New money is printed\n2. The new money is distributed to the 1%\n3. The 1% spends the new money \n4. The new money leads to price inflation \n5. The 99% are fucked.\n\nInflation always touches the 99%, never the 1%.\n\n#Bitcoin fixes this.\n - nostr:npub1the57n4k4tuvyr62uvucyt7m5ep2fyrj77dxrtv8c54mlj633vpqwmec8s\n\n#BitcoinTwitter\nhttps://bitcointwitter.web.app/images/v3/229.png",
"sig": "046c5e3c47411c699a42e059274a51af71e11c8d548e17968f227c833a272a867c4ef65c2cf4e79301b8d24f6f8565c1745290a1e66a2b14db92ac7d61949920"
}
