Valtiot rahoittavat kaikkea nykyistä sekoilua printtaamalla fiat-rahaa. Opiskele ja osta bitcoinia, niin murennat hitaasti mutta varmasti valtioden kykyä rahoittaa sekoiluaan. https://t.co/ckC7z0BPwC @hodlhodl
Great question! I could have written an essay about this, but instead, I let AI do it (copy-pasted below). I read the AI's reply to make sure I agree with it (I would have recommended reading the Austrian Economics myself as well).
If you wish to understand why only bitcoin is the solution, I could recommend books by Jeff Booth, Saifedean Ammous and Lyn Alden.
"The best sources for understanding the idea that "real inflation" is the growth in the money supply (and credit) come primarily from the Austrian School of economics.
This view differs from the mainstream definition, where inflation usually means a general rise in prices. Austrian economists (and to some extent quantity theorists) emphasize that inflation is fundamentally the artificial expansion of the money supply by central banks and the banking system, which then causes prices to rise as a consequence—not the other way around. The rise in prices is a symptom, not the cause. This idea restores the original historical meaning of the word "inflation" (the swelling of the volume of money), which was standard before the mid-20th century. It highlights that inflation is a phenomenon created by governments and the banking system, not by "too few goods" or external shocks.
1. Classic Works (Essential Reading)
These are the clearest and most influential texts on the topic:
Murray N. Rothbard: What Has Government Done to Our Money? (1963)
Short (about 100 pages), extremely clear book focused exactly on this theme. Rothbard defines inflation directly as "pseudo-warehouse receipts" or the creation of money out of thin air beyond the actual stock of commodity money (such as gold). He explains step by step how banks and governments create money and cause inflation.
Free PDF in English: Mises Institute (https://t.co/UGxO03z4jU).
This is often the most recommended starting book on the subject—straightforward, no heavy jargon.
Ludwig von Mises: The Theory of Money and Credit (1912, English 1953)
The foundational work where Mises develops the definition of inflation: an increase in the money supply that is not matched by an increase in the demand for money. He clearly distinguishes inflation (the expansion of the money supply) from the resulting rise in prices. The book is more in-depth and also lays the groundwork for business cycle theory.
Free PDF: Mises Institute or Liberty Fund.
Rothbard himself called this "the best book on money ever written."
Murray N. Rothbard: Man, Economy, and State (1962), especially the chapter on inflation
A broader treatise that refines the definition (inflation = growth in fiduciary media, i.e., "fake money").
2. Short, Modern Explanations and Articles
Mises Institute article: "Taking Back the Meaning of 'Inflation'" (2023)
Excellent summary of Mises’s and Rothbard’s definitions and why the original meaning matters (it reveals inflation’s true cause). Includes direct quotes and references.
Link: https://t.co/xYCxLAaKml.
Henry Hazlitt: "Inflation in One Page"
Brief, concise explanation: “Inflation is an increase in the quantity of money and credit. Its chief consequence is rising prices.” (Available from the Mises Institute.)
Academic article: "What Is Inflation? Clarifying and Justifying Rothbard’s Definition" (Quarterly Journal of Austrian Economics, 2023)
Precise analysis of Rothbard’s definition compared to Mises. Good if you want deeper discussion.
@KrisseNiemi I didn't criticise that, but if you need to know, money supply growth is the true inflation, and in the long term, most stocks, especially real estate as well as commodities loose to the true inflation.
@KrisseNiemi Sure, you link what you link, but doing that you show how little you understand.
Has it ever occurred to you that the only solution to exponentially increasing, centralized currency is a decentralized money?
Buckminster Fuller in 1967:
"Wealth isn't gold; it's energy. By 2000, there will be a scientific accounting system for wealth—aligned with the laws of physics."
A visionary nod to Bitcoin decades before its time.
@bitcoinkeskus Mitä ihmeen sössötystä tämä taas on? Jos te oikeasti ymmärtäisitte bitcoinia, tietäisitte, että Ethereumilla on vielä vähemmän k��yttöä kuin kuolleen mummonne vanhoilla villahousuilla.
Juuri sellaista sisältöä, mitä Shitcoinkeskukselta voisi odottaakin...
@KrisseNiemi@OsakeKeisari 100% ja ylikin kiinni bitcoinissa, koska vipu. Kohta mennään taas ylös, https://t.co/cV2r0gPed7. Oma matka kannattaa aloittaa siitä, että selvittää mikä ero on bitcoinin ja krypton välillä. Niitä ei kannata laittaa samaan laariin.