In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling. twitter.com/jack/status/14…
Not "legalized plunder". It's theft. The supply of the fraudulent money of the State is increasing yearly by design; this is called "Inflation". This is the real face of the McDonald's menu from the early 1970s. Inflation is not fascinating or a fun fact; it's criminal theft. pic.twitter.com/A35yCvXyck
In 1972, the man in the picture above could have gone to McDonald's on his pension and eaten a full meal. Today, he can't. The amount of his pension has not increased with the increase in the money supply (Inflation). Bitcoin fixes this, because the supply of money will be fixed. pic.twitter.com/whG4x39nTb
In a pinch, the price of BTC vs each fiat currency may be the best single measure of inflation. But it is possible that Google may stop showing this info, and centralized exchanges may come under pressure. This is why on-chain price feeds are more important than many think. pic.twitter.com/hthR8x9R6y
Inflation since 1800. Incredible to think that prices FELL over the course of the 19th century. So normalised are we to fiat, we think rising prices are normal. #Bitcoin fixes this. So does #Gold pic.twitter.com/ixwyZ2PS91