Absolutely correct. The process he's describing where the economy grows, while the quantity of money stays the same, is the deflationary force of growth and technology. When that happens with a public company, their stock price rises and all the holders of the stock are rewarded and it's a wonderful thing.
But somehow when it happens in an economy, and prices fall, and holders of the currency are rewarded, economists are horrified and central banks step in with oceans of new money to prevent the disaster.
We aren't allowed to view money as having the same properties as equity, because the banking system is built on a lie, and deflation exposes and collapses that lie.
https://open.substack.com/pub/f0xr/p/money-as-equity?r=3i492j&utm_campaign=post&utm_medium=web
f0xr
npub1h3…uwlmn
2024-06-07 21:55:29
in reply to nevent1q…m9tm
Author Public Key
npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmnPublished at
2024-06-07 21:55:29Event JSON
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