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2 replies
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@Satosora
23 Oct 2024
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on: MONEY CLASS OF THE DAY: The Nominal and The Real in Bitcoin Land
econ
People dont take into account inflation.
They dont see prices as fluid depending on the supply of money out there.
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@denlillaapan
OP
23 Oct 2024
that's precisely it, sir -- but the point goes waaaay deeper than that
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@Satosora
23 Oct 2024
It may go deeper, but if people dont understand the underlying reason, then they wont understand everything beyond that.
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They dont see prices as fluid depending on the supply of money out there.