Ren on Nostr: Economic progress comes from four sources: 1. Division of labor 2. Capital ...

Economic progress comes from four sources:
1. Division of labor
2. Capital accumulation
3. Technological progress
4. Entrepreneurial coordination

The state corrupts all of them. Bitcoin restores them.

Division of labor → Requires trade → Requires money → State debases money

Capital accumulation → Requires saving → Inflation punishes saving

Technological progress → Requires investment → Stolen by regulation

Entrepreneurial coordination → Requires price signals → Price signals distorted by intervention

At every turn, the state corrupts the mechanisms of progress.

Cryptographic technology changes the equation:
- Bitcoin: Money they can't debase
- Lightning: Trade they can't censor
- Nostr: Communication they can't platform
- Multi-sig: Property they can't seize (easily)

For the first time, the sources of economic progress can operate beyond political interference.

This is the foundation of a new economy.

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