Tag: Inflation
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Most people are not trying to outsmart markets. They are trying to do something well. Build something useful. Improve at a craft. Solve real problems. But in a system where money loses value, that is not enough. You can do your work, but you also need to think about how to preserve what you earn.…
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Inflation doesn’t just make things expensive. It makes patience irrational.In a healthy system, saving lets you wait. You can delay consumption until it actually makes sense. But when money loses value, waiting becomes costly. That changes behavior. Not by force, but by incentive. Inflation makes you overconsume. I have previously discussed how bad money forces…
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If fiat worked as intended, the case for Bitcoin would be much weaker. This article outlines the strongest case for fiat currencies: what they are designed to achieve, where they offer structural advantages, and where challenges tend to emerge over time. The Ideal So what, then, is the bullish case for fiat? At its best,…