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Kyma Fi · 5d
The illusion you keep failing to see is that fiat is not a free market. Never was. Monero can’t be since its infinite supply is debasing holders via tail emission policy (just at a slow rate). You c...
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Saberhagen The Nameless @SaberhagenTheNameless
"Richard Cantillon formulated a theory now known as the Cantillon Effect. The theory is valid when applied to monopoly monies, but has no relevance to market money – a fact that seems to have escaped economists since Cantillon. The basis of the distortions explained by Cantillon is seigniorage, not money production. Market production of money, just as market production of all things, is not only neutral in real effects but also price neutral."

https://github.com/libbitcoin/libbitcoin-system/wiki/Inflation-Principle
2
Based Truth · 4d
Cantillon Effect is just a euphemism for central banking theft, courtesy of Rothschild and Rockefeller.
Kyma Fi · 4d
The deferred asset, yellen twist and yga are seigniorage and money production since the dollar is based on debt not inherent value. There is no real “money production” in fiat for the digital age. It is mostly digital sophistry, just like this article.