0 sats \ 1 reply \ @Rothbardian_fanatic OP 2 Nov \ parent \ on: There’s No Market Process Independent of Competition econ
Yes, consequences do flow from basic premises. Your usual economists leave the actions of the state and cronyism out our their reasoning. They also do not view competition as something that is also cooperative. So, you can see the consequences flowing all around us.
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0 sats \ 0 replies \ @Solomonsatoshi 3 Nov
Fiat money is a state sponsored monopoly largely operated by a cartel of private banks.
It controls the MoE used by all businesses and consumers within its geographic catchment area.
It grants substantial capital issuance and allocation privileges to bankers and governments.
Bitcoin fixes this.
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