GM Bitcoiners,
Too much inflation is bad, but a little bit is good, right?
Most people are too busy with life to wonder why the central banks have target inflation numbers.
“The money supply must expand to keep up with demand and production!” – ‘Expert’ Economist
If you told the average person that inflation is making their money worth less each year while the things they spend that money on are getting more expensive, they might respond differently. Who wants that?!
Inflation is a hidden tax that predominately affects those with the least because they hold mostly cash and have fewer assets. It’s an insidious way to redistribute wealth and is required to pay off the huge debts countries are burdened with.
In the short term, creating money can help you live beyond your means and create artificial growth, but it catches up… it ALWAYS catches up.
You can’t force growth forever without any consequences, but that’s what we’ve all been sold.
Does your money really need to continuously lose value for society to function?
Historically, the strongest forms of money are the ones that manage to retain their value over time.
The gold supply does increase, but it’s still rare comparatively, and finding gold requires work and energy.
Bitcoin improves upon this property with its finite supply (demand does not change the supply).
21 Million isn’t a magic number. The value will be priced into the supply.
The greatest trick the central banks ever played… was convincing the world that inflation was a good thing.
If you want to learn more about the hidden history of banking, you’ll want to check out our review of ‘The Creature from Jekyll Island‘.
