halalmoney on Nostr: "Bitcoin... [fixes] the problems that Milton Friedman created" ...

"Bitcoin... [fixes] the problems that Milton Friedman created"

quoting
nevent1q…d5ll

He is the one who pushed the idea of monetarism.

The idea that a private central bank should print the money that the government loans to spend, and the government should continuously loan and then tax supply to control inflation.
Using income taxes to control inflation and removing tarrifs and corporate regulations.
Using public spending to subsidize corporations instead of build infrastructure or social programs.

His idea was that if the money is backed by debt instead of gold and the central bank can print unlimited money according to government demand and then give that money to corporations as subsidies that those corporations would make more profits.
And he was right, they make more profits at the expense of everyone.
Driving inflation which drives higher taxes.

He's the one who's theories were the basis of removing the gold standard so that the money printers can just go brrrr and removing the silver from the coins and making the money into debt tokens.

He's a very large part of the reason we are in this mess.

Bitcoin literally exists to fix the problems that Milton Friedman created.