jb55 on Nostr: > But strip away the economic mysticism and here’s what “hard money” actually ...
> But strip away the economic mysticism and here’s what “hard money” actually means: it systematically advantages existing wealth holders and disadvantages workers and debtors. It makes wealth accumulation easier and wage earning harder. It turns the economy into a game where those who already have capital watch it appreciate while those who work for wages watch their purchasing power erode.
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