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Logen
1w ago
The incentives don’t align, those closest to the money printer get the greatest benefit of freshly spent money. They are scared of ₿itcoin because they can’t control it, and the ones who think they can control it; are just as dumb as the ones that were frivolously spending thinking they were helping
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Volker
@Volker
1w ago
That's what we're all used to thinking, yes. But what if we're wrong?
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Logen
@Logen
1w ago
If we’re wrong, it would need to be disproven as true
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Volker
@Volker
1w ago
Well, for one, at least in non-banana-republics, politicians don't directly profit financially from money printing. It just enables them to remain in power longer than otherwise, and maybe opens some job opportunities later. So at least part of your assumptions aren't 100% correct.
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Logen
@Logen
1w ago
I don’t know what you mean, Politicians stay in power by making sure they and their friends get rich. Money printing helps them do that.
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Volker
@Volker
♥︎ by author
1w ago
If you reduce all motivation of politicians to just mere power and money, then you may be right. I personally believe some haven't lost all of their humanity yet.
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