15 sats \ 0 replies \ @sb 25 Jul 2022
"Deflation, on the other hand, is prices going down. And that isn't a good thing either."
Why would our monetary elites want us peasants to afford more for our families? The mask is off. They hate you. They're actively and maliciously spreading lies. The ever-active money printer supports this abomination.
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51 sats \ 3 replies \ @nerd2ninja 25 Jul 2022
Bro, the mental gymnastics on that one gave me a brain aneurism.
It is true, that during inflationary times, people make really cheap, easily broken goods (like chairs) in order to fight off inflationary pressures.
During deflation people would buy less chairs, because they aren't trying to get rid of their money as soon as they get it. They plan for the future instead and buy nicer things.
So, the people who make chairs, make them of the most premium quality to attract those longer term thinkers.
In other words, its the opposite of what the IMF said. Because of inflation, she can buy a really bad chair, but in deflation she could have bought a really nice chair.
This is the basics of sound money economics and something to consider when starting a Bitcoin focused business.
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Create goods that attract longer term thinkers and focus on quality.
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15 sats \ 0 replies \ @vlx 25 Jul 2022 freebie
It's even simpler how prices keep themselves stable. Let's assume the chair got cheaper:
lower price -> less production -> less supply -> higher price
it's all in cycles without the need for intervention
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3 sats \ 1 reply \ @selfish_gene 25 Jul 2022
стул от прадед к правнуки. самое дорогое что можно сделать. но если покупать каждый год по 1 то это цена 1 сатоши.
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0 sats \ 0 replies \ @nerd2ninja 25 Jul 2022
That seems to be the IMF's way of thinking, but I disagree with it.
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0 sats \ 0 replies \ @2bithits 25 Jul 2022
She made a funny turn at the end there
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