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    mk (mk@mastodon.satoshishop.de)'s status on Saturday, 29-Jul-2023 06:18:30 JSTmkmk
    in reply to
    • GrumpyRabbit

    @GrumpyRabbit

    the first thing you have to fix is the #monetary #system, because its the root cause for so many other problems.

    in a #credit-based monetary system, #money gets created by taking credit.
    rich people get very good credit-conditions and get to spend this new money with its full #purchasing #power. by the time i passes #poor peoples hands, it already #lost #value.

    whats the #cantillon effect?
    https://www.youtube.com/watch?v=LvvlEbX66jM

    In conversationSaturday, 29-Jul-2023 06:18:30 JST from mastodon.satoshishop.depermalink

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    1. What is the Cantillon Effect?
      from Off Chain with Jimmy Song
      The reason why inflation and money printing are so evil.--------------------------Website: https://programmingbitcoin.com/Seminar: http://programmingblockcha...
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      Problems – Problems and solutions in India
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