If society forces you to earn the same money twice —
first to obtain it and second to keep its value from rotting away — then something is very broken.
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I love this analogy. I use it often to explain to people what's wrong with money. Usually you see them thinking and pondering for a minute. I hope a seed is planted and they will start thinking more about it.
If society forces you to earn the same money twice —
first to obtain it and second to keep its value from rotting away — then something is very broken.
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Lucky for dollar miners they never earn money so the devaluation is a first order problem.
Most people around you are forced to be an investor and speculate with their hard earned money while saving it on the long term is discouraged.
If you stay in fiat, you have to work twice for your money.
If society forces you to earn the same money twice —
first to obtain it and second to keep its value from rotting away — then something is very broken.
View quoted note →