Gauss on Nostr: Mises said: "The purchasing power of #money is unstable. But the very concept of ...

Mises said: "The purchasing power of #money is unstable. But the very concept of stability and immutability of purchasing power is absurd.

In a living and changing world, no stability of purchasing power can exist. In the ideal design of a smoothly rotating economy, there is no room for a medium of exchange.

Changes in purchasing power are the essence of money.
#bitcoin

quoting
nevent1q…5mml

#btc #nostr #sats #bitcoin #zap #hodl