Dmitry

🧐

[Dmitry @dtsvzx]

Price is a part of information system in capitalism

[Dmitry @dtsvzx]

The Bitcoin standard

[Dmitry @dtsvzx]

Key idea of Keynes economy is the debt doesn’t matter because we owe to ourself

[Dmitry @dtsvzx]

Savings rate in the seven largest economies dropped since 1970 from 12% to 3%

[Dmitry @dtsvzx]

Keynes complained that gold mining is waste of time and resources

[Dmitry @dtsvzx]

Salary is derived for Latin word sal, which means salt. Because salt was used as a medium of exchange

[Dmitry @dtsvzx]

The only non criminal way acquiring more money is produce more that satisfy others needs and exchange it for more money

[Dmitry @dtsvzx]

Taxes have adverse effect - higher taxes more likely reduce savings than consumption

[Dmitry @dtsvzx]

Investments raises productivity on producer

[Dmitry @dtsvzx]

Education of the young, care of elderly and sick, assistance in times of emergencies - all of this services today outsourced to state. Families have been degraded into small production units that share utility bills, cars, refrigerators and tax bills.

[Dmitry @dtsvzx]

The ethics of money production

[Dmitry @dtsvzx]

Since 1971 banks are no longer banks

[Dmitry @dtsvzx]

Inflation tends to deteriorate product quality. Every seller knows it is difficult to sell the same physical product at higher price than in previous year. But increasing prices are unavoidable when money supply is subject to relentless growth.

[Dmitry @dtsvzx]

Easy credits can become consequence of inflation, namely, the constantly rising price level.

[Dmitry @dtsvzx]

New products invented by innovations are threat for banks, because they may be heavily invested in old products.

[Dmitry @dtsvzx]

Entrepreneurs with 10% equity and 90% debt are not really entrepreneurs anymore. His creditor (usually bankers) are all decisions makers. Entrepreneurs are just highly paid managers.

[Dmitry @dtsvzx]

Paper money is not emerged on a free market it is a pet child of govt protected by law

[Dmitry @dtsvzx]

Legal tender laws make impossible to use other money

[Dmitry @dtsvzx]

If large number of customers demand redemption the issuer will bankrupt