Nick Szabo 🔑 on Twitter: "High time preference fiat money, whether as inflation or negative interest rates, tells savers "decide where to spend or invest your paycheck now or we take a cut." They try to rush the economy and force users of their money to rush their judgements.… https://t.co/5PMrNJdLIW"

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‏ @NickSzabo4

High time preference fiat money, whether as inflation or negative interest rates, tells savers "decide where to spend or invest your paycheck now or we take a cut." They try to rush the economy and force users of their money to rush their judgements.https://twitter.com/pierre_rochard/status/1062510947510697984 …

Pierre Rochard @pierre_rochard

Replying to @dgreene359 @pt

Yes, it really is, in fact it's more productive, because the more time you spend finding the right investment opportunity, generally the better the outcome will be. In poker: increasing blinds is like inflation, pushes you to play hands you otherwise wouldn't

10:35 AM - 6 Aug 2019

81 Retweets
328 Likes

8 replies 81 retweets 328 likes

1. 1 more reply
1. Ruminative Orangutan‏ @Ruminorang Aug 6
  
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  Replying to @NickSzabo4
  
  Oh I enjoy the raising blinds in poker analogy, that's sharp @pierre_rochard
  
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1. tipton cole‏ @tipton Aug 6
  
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  Replying to @NickSzabo4
  
  Min-max attitudes then lead to borrowing, and the resulting debt service requirements mandate that they keep the hamster wheel turning.
  
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1. Dickson Buchanan Jr.‏ @DicksonBuchanan Aug 7
  
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  Replying to @NickSzabo4
  
  This is an underappreciated and underreported fact of our modern monetary/financial system.
  
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1. JV66‏ @JohnnyVicious66 Aug 6
  
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  Replying to @NickSzabo4
  
  Just wow, it's actually not far from the truth that inflation is like raising blinds in poker ... but the economy is not poker ffs Is this kind of admitting that central banking of today is one big ponzi?
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1. Kinetic Linking‏ @arjaydicar113 Aug 6
  
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  I agree. It creates a constant current of urgency. Waters down the entire value of everything.
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1. Crypto Millionaire App‏ @eagletwitt3r Aug 7
  
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  Replying to @NickSzabo4
  
  Rushing results always leads to failure. Ask any lady
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1. Bitcoin Talks‏ @prentic4 Aug 6
  
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  Replying to @NickSzabo4 @CryptoBrekkie
  
  Not only decide now, but you’re effectively not allowed to keep your money liquid, distorting markets.
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