Private property rights can equally be called private property responsibilities. A proprietor is incentivized to take responsibility for the assets he owns to maximize the usefulness and longevity of the rights they bestow upon him.
"Give a man the secure possession of a bleak rock and watch him turn it into a garden.
Give a man a 9-year lease on a garden and watch him convert it into a desert.
The magic of property turns sand into gold."
Give a man a 9-year lease on a garden and watch him convert it into a desert.
The magic of property turns sand into gold."
Fiat currency inflation is a violation of private property—the arbitrary movement of wealth from one set of hands to another.
Inflation is a legally enforced injustice; it disincentivizes prudence and triggers a widespread abdication of responsibility among market actors.
Inflation is a legally enforced injustice; it disincentivizes prudence and triggers a widespread abdication of responsibility among market actors.
Robbed of any reliable means of storing value across time, market actors are disincentivized to think long-term, thereby disintegrating social morality.
The voiceless are most victimized by inflation: the unborn, the poor, and the environment on which its costs are externalized.
The voiceless are most victimized by inflation: the unborn, the poor, and the environment on which its costs are externalized.
In the present, rising prices result in increased scarcity, which incentivizes selfish behavior and social divisiveness, and a widening of the wealth gap as asset prices are artificially pumped.
But as @jordanbpeterson says “opportunity lurks where responsibility has been abdicated.”
Fiat currency inflation is the abdication of responsibility propelling the Bitcoin opportunity along its path to full global money.
Fiat currency inflation is the abdication of responsibility propelling the Bitcoin opportunity along its path to full global money.
#Bitcoin is mankind’s sole salvation from the impending flood of fiat currency: an ark of encrypted energy designed specifically to withstand the coming socioeconomic storms of inflation.
It's time for everyone to get on the damn boat.
It's time for everyone to get on the damn boat.
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