10 sats \ 1 reply \ @siggy47 22 Mar 2023 \ on: President's Report Blasts Crypto for 'Ignorance of Basic Economic Principles' bitcoin
"mostly about creating artificial scarcity"- Hah! Fiat money printing is all about creating artificial abundance.
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0 sats \ 0 replies \ @Undisciplined OP 22 Mar 2023
Talk about "ignorance of basic economic principles". Scarcity is a concept that applies to goods, not units of account.
May as well say that rulers have an artificial scarcity of inches.
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