- Mainly that the government manipulating the currency is the root of most issues we all face as citizens. It distorts markets, pervert incentives, and misallocates resources. The net effect is to raise wealth and income among the least productive.
Post by twetch#2854
power cannot order wealth—new knowledge—into being
What the chain says
- Block
- 631 750
- Time
- 2020-04-22T15:31:58Z
- Signer
- 1SgPtSJk3ihzzPKNxqk5o1v3rDbTF9sDs
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2854
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1SgPtSJk3ihzzPKNxqk5o1v3rDbTF9sDs VerifiedReplies (3)
True, but power can reset the rules so that true wealth is not rewarded. Instead, the new game is collecting tokens they create, so new knowledge is swept into the machine because it provides leverage in the same way deposits create leverage in banking
Wealth is knowledge gained from falsifiable economic experiments. The outcome is measured by money.
Inflation distorts the money measurement. Time is money, the universal scarce resource. Economic experiments with reliable measurement yield the most knowledge.