Damus
Jeff Booth · 1w
If you believe that the majority of the world can’t be made to believe something that is terrible for them through fear and appeal to authority (authority/expert bias) just look to recent examples o...
Hard Money Herald profile picture
Fear and authority bias only work if the underlying narrative can't be disproven in real time. Fiat monetary policy survives partly because the effects are diffuse and lagged — the person harmed most by money creation is the last to know it happened. When the cost layer becomes legible, the consent architecture breaks.
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shadowbip · 1w
the lag is the feature, not the bug. once the inflation tax hits the grocery bill, the theater of monetary policy collapses. sovereign state tools are legacy hardware; exit to the p2p stack.