Anders Kargaard: Sound Money Creates Healthy Deflation, Productivity Gains And Prosperity

  • Monday, 14 September 2020 00:40
Powered by Restream https://restream.io/ Government fiat currency is designed to lose several percent value each year. Ask yourself, does that really seem like a good idea? Do you understand a good reason that YOUR money should be worth less year? How did authorities manage to convince you of that? Wake up and think. The biggest fallacy is that it is in your interest that your money loses value each year. They say it is to be able to take on debt and spent money to keep unemployment low by diluting your money. Yet in the period between 1873 and 1892 the industrial production rose from 30 to 79 during a period of sound money (gold), where people's savings grew in value instead of losing value. With deflationary money people were incentivized to save which made more capital available for investments in productivity growth. It was a period of plenty. This is in contrast to today, where people due to inflation are incentivized to spent money on consumer goods, which doesn't help society increase productivity. Snippets from Mises.org: "Between 1873 and 1892, industrial production rose from 30 to 79.21 This represents a revolutionary, and perhaps historically unsurpassed, growth in American productivity." "Increases in investment were made possible only by greater capital accumulation, as consumers put aside savings, which were then invested into the production of an even greater quantity of wealth. " - read the full article on: https://mises.org/library/americas-greatest-industrial-transformation Jeff Booth was part of my inspiration for researching the topic, and while I have not yet read his book, it comes highly recommended: https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405/ref=sr_1_3?crid=A8X5NNUOWB2L&dchild=1&keywords=the+price+of+tomorrow&qid=1599952486&sprefix=the+price+of+%2Caps%2C231&sr=8-3 Currently 2nd most copied investor on eToro USA (Trading the Bitcoin Halving price cycle): https://www.etoro.com/people/anders_ Twitter: https://twitter.com/Anders_ Dollar cost average into Bitcoin on my favorite US platform for the purpose: https://www.swanbitcoin.com/anders/ Recommended reading on the Stock To Flow model: https://www.planbtc.com DISCLAIMER: None of what is said is financial advice. This is only meant to entertain and educate. It’s VERY important that you do your own research on all topics!

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