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Why a Fixed Supply Money Does Not Lead to Economic Catastrophewww.swanbitcoin.com/why-a-fixed-supply-money-does-not-lead-to-economic-catastrophe
667 sats \ 4 comments \ @cryptocoin 10 Jan 2023 bitcoin
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116 sats \ 0 replies \ @cryptocoin OP 10 Jan 2023
Here's the Tweet by the author of the article that kicked off the Twitter thread where this article was shared:
It's often claimed that a fixed supply money (aka sound money) leads to economic catastrophe. Economic growth requires creating more units of money & debt, they say. Money must be devalued over time to encourage spending.
Let's explore these widespread & flawed claims.
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https://i.postimg.cc/1X26XB1n/image.png
https://twitter.com/john_at_swan/status/1612843297239695361 [Nitter]
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25 sats \ 0 replies \ @jgbtc 11 Jan 2023
Weird that we even have to argue this point with supposedly smart people considering what's going on in 🤡 🌎 these days. Instead of worrying about the hypothetical catastrophe a fixed supply money might cause, they should focus on the actual catastrophe that inflationary money already has caused.
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35 sats \ 0 replies \ @faithandcredit 11 Jan 2023
Its the government that causes economic catastrophe but people refuse to even consider this so they can go to hell
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25 sats \ 0 replies \ @nymkey 11 Jan 2023
Banks's mission, 'ab origine', was to keep you gold safe because
its value was increasing through time.  Once we deviated from
that, especially in 1971, we made most people slaves and poor, 
keeping the 1% in control of the mint and subsequent debt.  

That was the Economic Catastrophe,  Bitcoin brings back honest
and true money to our civilisation.
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