People so rarely ask the basic questions that shore up the …
People so rarely ask the basic questions that shore up the foundations of their philosophy.
Consider, what is wealth? Is money wealth?
Many would say yes, but follow up by asking, so if we produce a lot of money, are we more wealthy? They stumble.
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Many will then see the contraction, especially if they have studied how money printing is at the heart of inflation but then they don't continue down that road of thought.
If money isn't wealth, what is, and more importantly, how do we create more wealth?
If they do continue, they'll learn that greater production of goods and services is what creates wealth, because the good and services that are valuable to people is what wealth is.
Human capital. With FIAT we could temporarily save it, but it is prone for hardcore tampering. With Bitcoin we have utility & automation that will keep ourselves in check to never be able to leave it. True wealth where your labour is saved; BSV.
This, of course, is hogwash.
Because they still aren't thinking correctly. Money doesn't have fixed value. Money isn't wealth.
This is why it is so important to think through all the implications of a fact, and to do truly understand them.
You cannot understand what you don't fully explore and internalize.
To understand you must be rigorous, purposeful, and hold no sacred cows.
To determine truth from falsehood, the fallibility of the human mind, your mind, must be understood and accepted.
But now they start thinking that they're thinking. They think they're catching on.
"But if there's more production, then there's more supply, so prices will go down, and that means I'll make less money, so I'll be less wealthy!"