mattaroo on Nostr: A low time preference and Bitcoin go together perfectly. You can have deflation AND ...
A low time preference and Bitcoin go together perfectly. You can have deflation AND high standards of living. But you need sound money and sane politics. In fact, stable or falling prices (what is often referred to as deflation) is one of the dividends of a sound money system. It incentives the accumulation of savings (Bitcoin), investment, and thinking about the future (low time preference). Your purchasing power (and the value of your labor) go UP over time, not down.
Published at
2025-05-31 16:11:41 UTCEvent JSON
{
"id": "f93fe118f5d145989ad450a728e18367f8a36dd424da59a3931c35d1ebc1f220",
"pubkey": "73b90bdd05447f972ea5b7f9477c066dc7dfcacdc989212b6dbc8c79f2daee42",
"created_at": 1748707901,
"kind": 1,
"tags": [],
"content": "A low time preference and Bitcoin go together perfectly. You can have deflation AND high standards of living. But you need sound money and sane politics. In fact, stable or falling prices (what is often referred to as deflation) is one of the dividends of a sound money system. It incentives the accumulation of savings (Bitcoin), investment, and thinking about the future (low time preference). Your purchasing power (and the value of your labor) go UP over time, not down.",
"sig": "ffc1c792a4f3ed4adae2e039d11d5ccf48fe0c0d36d4268124d2d08d5209ad229a7956858269c5127934482772137192bde9bce6f8023cb2b96b61ac952a9548"
}
