I studied nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqaktkhj's interview (https://www.youtube.com/watch?v=2Vd35J-TA_4). This interview is a gem. It helped me better understand and see in more detail a world built on a global free market.
I haven't read his book "The Price of Tomorrow," but now I'll definitely add it to my reading list.
Here my comments:
Bitcoin is outside our familiar system. Bitcoin's purchasing power tends toward infinity.
Humanity has never lived under a free market. Human nature wants to centralize everything, so it's hard to imagine what a decentralized economy with a global free market would lead to.
Bitcoin is the first free economy in history, and it will remain so as long as Bitcoin stays decentralized and secure. We should support this and help the system work by running our own nodes and transitioning to the Bitcoin standard.
If you continue to measure everything in fiat, you continue to support inflation and centralization of the monetary system, thereby making things worse for yourself and all other market participants, allowing them to suck purchasing power from your savings. Run a full node and cultivate the habit of saving and keeping records exclusively in Bitcoin.
Deflation is the natural state of a free market. We've never had a deflationary economy.
If there were an honest free market now, the deflation rate should be more than 5% per year, meaning every person on the planet would become 5% richer every year. Prices will always fall.
This isn't happening now - all this wealth is being accumulated by the "top" of the current system. And if you were at the top of this system, you would try to hold onto power by all means for as long as possible, seeking to centralize the system and spin up inflation. However, those who have switched to the Bitcoin standard are already living in a deflationary world where everything only gets cheaper each year.
The reason for growing global inequality is money printing. We ourselves support the current system, allowing "them" to make "us" poorer. We believe this is how it should be and that it can't be any other way, which only strengthens this system. If you're looking for someone to blame for the current system, look in the mirror. Bitcoin's economy and the current global system's economy are incompatible. Study the Bitcoin standard.
You should drill into your head: "The natural state of a free market is deflation." This alone raises questions about the current system. Study the Austrian school of economics.
AI significantly increases productivity and, consequently, economic growth and deflation. A company with one person will be able to produce results at the level of a company with a thousand employees. Prices will fall stronger and stronger each year thanks to exponential productivity growth. In an economy with Bitcoin, this is a huge plus.