“The fiat economist universally chooses to set the printing ...

原始 JSON

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  "content": "“The fiat economist universally chooses to set the printing press to brrrrrrrrrr. While the enlightened elite watch their stock portfolios moon and their debts disappear, the common man is told to be thankful that he was 'this close' to the horror of living in a world where his wages bought more every year, and his government respected his private property. Imagine how hard it would be for that government to raise debt in such a world. It would have to justify its spending. We cannot have that.” ~ Allen Farrington \u0026 Sacha Meyers\n\n“The idea that some authority can deduce the correct level of this balance is not merely wrong, it is not even wrong, it is methodologically incoherent. Asking for the 'correct' interest rate is like asking how much the color orange weighs.”  ~ Allen Farrington \u0026 Sacha Meyers\n\nWhat if falling prices aren’t the economy-crushing nightmare fiat economists warn us about, but the natural, healthy incentive that actually drives spending in a real economy?\n\nCould this be the foundation for a more stable and productive world?\n\nWhat if deflation isn’t the dangerous boogeyman we’ve been conditioned to fear, but the clearest signal that genuine progress is occurring?\n\nIf the fiat prescription actually worked, where’s the evidence? And why have central authorities never allowed the experiment to run?\n\nIn their latest essay, Allen Farrington and Sacha Meyers dismantle the deflation myth, show how hard money powers real growth, and examine why Bitcoin’s ultimate promise depends on surviving extreme stress.\n\nThey take apart the core illusion of fiat economics—that printing money creates prosperity—and reveal why falling prices are the only honest proof that meaningful innovation has taken place.\n\nArticle: Number Go Down by Allen Farrington and Sacha Meyers\nhttps://x.com/allenf32/status/2045477517201477686",
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