Solstin on Nostr: Capital Etymology #AES #Bitcoin §52 In our hyper-financialized, fiat world, it’s ...
Capital Etymology
#AES #Bitcoin §52
In our hyper-financialized, fiat world, it’s easy to lose sight of what built wealth in the first place. Adam Smith’s Wealth of Nations, published in 1776, was a good framework contributing to the U.S.’s success over the past 250 years. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue."
Published at
2024-03-06 05:02:05Event JSON
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"content": "Capital Etymology\r\n#AES #Bitcoin §52 \r\nIn our hyper-financialized, fiat world, it’s easy to lose sight of what built wealth in the first place. Adam Smith’s Wealth of Nations, published in 1776, was a good framework contributing to the U.S.’s success over the past 250 years. Adam Smith defined capital as \"that part of man's stock which he expects to afford him revenue.\"",
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