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 …
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Rushed judgements destroy value, they don't create it.
P.S. you know somebody has their wandering eyes on your retirement savings, your sons' & daughters' tuition money, etc. when they call it a "hoard" or accuse you of "hoarding."
![₿rekkie von [Pay me in] ₿itcoin](https://pbs.twimg.com/profile_images/1160577042473050112/kmFGaM8c_normal.jpg)
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Happening in South Africa right now. The African National Congress government is discussing legislation to require all pension funds to invest a certain % in state run companies. We have the 8th largest pension savings globally. I'm sure hoarding will be used as a justification.
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“Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter.” ― Ayn Rand, Atlas Shrugged
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Most people have none. Protect those with staggering, dormant, offshore holdings if you like, but it’s not as empirically simple as you’re asserting and as the key proponent of smart contracts, this alarms me. Mazzucato’s Value of Everything is illuminating re: value creation.
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The world was built by the few
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