Everyone should use bitcoin as money, and if they also want to use Bitcoin in dumb ways, so be it.
This is a limited, once-in-a-lifetime opportunity before most of us are individually priced out of using the base layer anyway. Bitcoin was engineered to survive dumb use cases.
If you stole all of this bitcoin from plebs and are reading this tweet you can still do what’s right.
There is almost 0% chance you ever get to spend that bitcoin without authorities catching you.
Claim to be a white hat hacker who took money to protect the plans, Return the funds and live with the consequences.
@ProudSocialist Capitalism is what provides us with all the things that we have. That's the opposite of theft. It's the government that takes stuff away from us. That's the real theft.
You can buy this set of silver certificates on eBay for $31.99. According to Treasury Secretary Bessent, you can take each set to Fort Knox and claim your five silver dollars. Silver dollars sell for about $60 each on eBay. So a $32 purchase gets you $300 worth of silver dollars.
Patriotism is love for your country’s culture and people. It is defensive.
Nationalism is love for your country’s state. It is power-based.
This is the essence of the distinction Orwell drew between the two terms.
@NYCMayor America is a country founded by a people so committed to independence that a tax from a foreign power was enough to spark a revolution.
Neither you, nor the ideology you brought to this nation, is American.
Germany, 1948. The Reichsmark is worthless. Cigarettes function as currency. Factory output sits at half its 1936 level, and the Allied occupation runs a price-control regime so absurd that farmers feed grain to livestock rather than sell it at the dictated price. Then Ludwig Erhard walks into a radio studio on June 20 and tells the German people the controls are gone. He did not ask the occupation authorities first. He told General Lucius Clay afterward that he hadn't altered the regulations, he had abolished them.
What followed embarrassed every Keynesian planner watching from Washington and London.
The Deutsche Mark replaced the Reichsmark at brutal terms: roughly 100 old marks for 6.5 new ones. Hard money, scarce by design. The black markets emptied overnight because goods reappeared in shop windows the moment prices could speak. Industrial production jumped over 50 percent in the second half of 1948 alone. And here is the part the textbooks bury: through the 1950s, as the economy grew at better than 8 percent a year, the cost of living stayed remarkably flat. Germans got richer while prices held or fell. Productivity outran the money supply, which is exactly what's supposed to happen when a central bank keeps its greedy paws to itself.
Falling prices alongside roaring growth, rising real wages, and a currency people actually wanted to hold rewarded Erhard's Germany. Deflation is not the disease. It is the natural reward for producing more than you did last year.
The Bundesbank inherited this discipline and guarded the Mark with a stinginess that drove politicians to fury for forty years. That stinginess built the strongest economy in Europe. Then the same political class buried the Mark under the euro in 2002 and handed monetary policy to people who consider 2 percent annual theft a "target."
Erhard proved sound money and free prices rebuild a bombed nation in a decade. Every finance minister since has worked very hard to forget it.
Once again, the government just can’t help themselves from distorting the free market.
This big housing bill will only incentivize a misallocation of capital, ultimately raising prices not lowering them.
Their intention is correct.
But the fix is not.
It’s just more regulation that prevents entrepreneurs from following true market signals.
Senator Tim Scott said:
“They’re delaying marriage, they’re delaying having kids, they’re delaying putting down roots. Not because they lack ambition but because housing prices are too darn high and housing supply too low.”
Yes! True! That’s a big problem.
But the fix is to stop inflating the money supply which incentivizes investors to use housing as a piggy bank.
The fix isn’t to regulate and prevent entrepreneurs from actually increasing the housing supply thus lowering costs.
When you restrict supply, you actually raise prices.
Senator Josh Hawley said (yes, he says it out loud!):
“Anything to address costs is a good deal. We should do a lot more things to bring down the costs of other items. I mean, like everything we can get our hands on,”
That’s our modern day government. Everything they can get their hands on!