Production for the sake of production to escape from inflation is *not* value creation. It is outright lunacy and a misallocation of resources, energy and time.
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Saving more does not increase one's ability to save. If I have .1 BTC left after expenses each month, that's all I can save. It doesn't matter if I have 100 BTC or 0.5 BTC saved
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yes, inequality will always exist. Inflation hurts lower class people more than upper class, as it robs them of any chance at wealth accumulation. This is evident in savings being virtually nonexistent, and everyone living month-to-month.
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Dude that’s why ppl invest in real estate stocks and bonds. U need to understand the effects of productivity, automation, outsourcing, deleveragings, financial engineering. Without these ur conclusions are naive
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Of course, I am well versed in all of those. You’re not getting my point.
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Why are u blaming central banks for lack of productivity?
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This discussion isn’t about central banking. It is about saving != free riding.
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Just now u spoke about inflation. See if you don’t want to learn the truth it’s fine. But don’t spread misinformation about a apolitical organization like the fed. They are professionals. They don’t set interest rates to appease any politician. They aren’t afraid of bitcoin
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Inflation *is* theft!
Make no mistake, Bitcoin/sound money will be an improvement over the status quo, I'm not questioning that.