TD₿: Masters and Slaves of Money by Robert Breedlove
TL;DR Inflation is a regressive tax and acts as the perfect marketing campaign for Bitcoin.
Hey Bitcoiners,
The CPI inflation print came out this morning at 7.5% YoY, the highest since 1982.
However, looking at inflation vs. short-term interest rates, this is actually the worst print in 71 years.
When you see numbers like this, it’s easy to only see exactly that…numbers. But it’s important to remember that inflation is a regressive tax that affects the poorest amongst us.
It’s also important to remember that inflation is not some natural phenomenon, it’s a policy choice made for us, without our input, by a group of central bankers.
Robert Breedlove digs deep into how inflation is harmful to the world in this blog post (07/05/2020).
The current high inflation is the perfect promotion for Bitcoin. Who needs a marketing team when you have these central banks?!
The world desperately needs money that cannot be inflated and holds its value over time, and luckily for the world, we have Bitcoin.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Inflation is a violation of property, and property is the fruit of your past freedom. Bitcoin is resistance.” - Robert Breedlove, Host of the “What is Money?” Show
Meme of the Day
Hmmm,
Fact: Reported Fiat inflation at 7.5%... (is really higher)
Politician: Inflation getting back to 2% gets us back to where we were... SUSCCESS!! woohoo!
Me: success? How about Deflation at 7.5%, that would get us back to where we were, right. We minions never get our money back. answer: move to Bitcoin.