Petr’s Reviews > The Bitcoin Standard: The Decentralized Alternative to Central Banking > Status Update
Petr
is 25% done
For some reason the author keeps saying the government is printing money and making inflation etc.
But the US government does not print money, everyone knows that, the money is printed by a private organisation, the Federal Reserve.
It is very suspicious that the author doesn't know such an obvious thing or is deliberately misrepresenting it.
— Jan 25, 2025 02:37AM
But the US government does not print money, everyone knows that, the money is printed by a private organisation, the Federal Reserve.
It is very suspicious that the author doesn't know such an obvious thing or is deliberately misrepresenting it.
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Petr
is 50% done
The Yap Island chiefs who refused O'Keefe's
cheap Rai stones understood what most modern economists fail to grasp: a
money that is easy to produce is no money at all, and easy money does not
make a society richer; on the contrary, it makes it poorer by placing all its
hard‐earned wealth for sale in exchange for something easy to produce.
— Mar 25, 2025 11:41PM
cheap Rai stones understood what most modern economists fail to grasp: a
money that is easy to produce is no money at all, and easy money does not
make a society richer; on the contrary, it makes it poorer by placing all its
hard‐earned wealth for sale in exchange for something easy to produce.
