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100 sats \ 1 reply \ @MaaliMKen 23 Jul \ on: How People Experiences The Path Towards Hyperinflation econ
Very nice.
If you don't mind, I feel like expanding this beautiful article.
Like you said, the average citizen assumes money as a pre-existent condition of the universe and thus has no real understanding of what money even is nor why it works the way it does.
Why?
Because;
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money is never something most people create. We find it around us, we use it. The state creates it. Their problem (except it isn't a problem. It's their biggest privilege. We let them do it).
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hyperinflation is soo rare and econo-speak during periods of inflation so convincing, that most people never develop the tools to notice any of this.
Of course, we have shitty tools for measuring the health of our money. Other inflating currencies are our primer. Imagine that.
Then we think "if our currency loses value relative to their currency then maybe they sold us more goods that we sold them".
Possible.
Also, maybe they got new allies to use their currency.
Bottom line: it has little to do with our currency. Let's focus on our own currency problems.
Ideally, even what happens to Bitcoin's price globally should have less to do with what a country's Bitcoin economy at home behaves like.
Bitcoin could crash globally, while Bitcoin payments locally flourish like never before.
We like comparing so much. And now with social media, what I am saying sounds ridiculous.
AI slop...
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