Lightning and 
BTC Accepted
Not only should $1.00 today buy as many goods and services as it did 50 years ago, it should buy MORE goods and services than it did 50 years ago. Why? Because technology continually increases productivity, which continually lowers costs of goods and services. So why does $1.00 today only buy $0.23* worth of goods … Read more
Government-mandated inflation is the problem. Inflating the money supply and debasing the currency is the problem. The fact that the value of the U.S. dollar is nearly cut in half every 10 years is the problem. There is no logical reason that prices today should be higher than they were in, say, 1999. You should … Read more
“Let’s start with first-principles: The natural state of the free market is deflationary. “Do you use things that give you less value? No. We choose things in our lives that give us more value, and entrepreneurs try to solve those problems. As we use things that give us more value, prices fall. “And the only … Read more
Inflation! Technology increases productivity, lowering costs to produce goods and services to their marginal cost of production. In a true free market economy, these cost-savings are passed on to you. In an inflationary-based economy, productivity gains are still passed on to you but inflation artificially inflates prices. Surely there are productivity gains in house construction, … Read more
This following is based on my current grasp of Jeff Booth‘s ideas from his book, The Price of Tomorrow. All industries experience varying degrees of productivity gains due to advances in technology. Productivity gains = lower cost of goods & services. And while the most obvious is consumer electronics, EVERY industry experiences lower costs due … Read more
“Prices fall to the marginal cost of production. Period. Over a long enough time horizon, that always happens. You can stop it in the short term by regulating an industry or by pushing additional units of money to try to stop that from happening in the short term. “But over a long enough time horizon … Read more
Article by J. Kevin Meaders, Magellan Planning Group, Inc. Most of the confusion surrounding conversations about inflation is simply how it is being defined. True inflation is caused by an increase in the currency in circulation, period. First and foremost, it is important to define how inflation works according to the Austrian school. They believe … Read more
Technology increases productivity, which reduces the cost of goods to their marginal cost of production. (per Jeff Booth) Bitcoin: Supply cap of 2.1 quadrillion satoshi. And as of April 19, 2024, has a lower inflation rate (supply issuance) than gold – making Bitcoin harder money than gold. (Gold inflation rate ~2% per year; Bitcoin inflation … Read more
“While Mises and Rothbard differed on whether inflation should include or exclude new gold inflows, they both agreed that inflation is not an increase in prices but rather an increase in the supply of money and credit.” Source: Taking Back the Meaning of “Inflation”
From the Foundation for Economic Education The Highest Inflation In Generations Kevin O’Leary bluntly explained why Americans are experiencing the highest inflation in generations: “The printing presses have gone insane. That’s why we have inflation in the first place.” By printing presses, O’Leary is talking about the Federal Reserve. The central bank has been expanding … Read more
by Saifedean Ammous
by Satoshi Nakamoto
by Andreas M. Antonopoulos
