Post #2098458
2026-04-24 10:59 UTC
@serapath
Bitcoin is finite, you can't print Bitcoin. When you need to stimulate your economy in a recession by investing in industry, please enlighten me about the bitcoin-based mechanisms that would allow you to run a budget deficit, or to devalue your currency to be internationally competitive in terms of trade?
@marijn
Replies (1)
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@serapath@mastodon.gamedev.place 2026-04-24 11:09
@budududuroiu @marijn Since 2008, printing money mainly benefits the capitalist class. Musk & Co. are as rich as they are exactly because of that. So by stopping "socialism for the rich", most of the problems disappear already. e.g. covid funds was mainly for billionaires Another austerity issue is all fiat is debt based and repaying takes money out and in "austerity times" this continues... and debt is as high as never before in history, and the debt is mostly billionaires printing.