Marty's Ƀent - December 15th, 2021 - Issue #1131

Wednesday, December 15th 2021 - Issue #1131

Let's play the blame game

If you are angry about your cost of living going up the Biden administration has people for you to angrily point your finger at; greedy corporations who are taking advantage of the COVID-19 situation to price gouge their customers. Disregard the fact that trillions of dollars have been added to the Fed's monetary base over the last 24-months. Don't even think about the government signing large spending plans that include more money printing and cuck buck airdrops. Try not to factor in the fact that COVID-driven safety regulations and vaccine mandates have created artificial supply chain bottlenecks that don't allow goods to get brought to market in a timely manner. Your ire is to be pointed at greedy capitalists.

In all seriousness though, this type of blame deflection onto economic actors who have simply been reacting to increasing restrictions thrust upon them by a tyrannical government (that spans both the Trump and Biden administrations) is very dangerous. As our good friend NVK points out, this is the type of justification Stalin used to have the Soviet Union confiscate and mismanage farmland, which led to mass starvation. These words can lead to mass atrocities if the government is able to gin up the masses enough to believe that "greedy corporations" are the actual cause of the inflation many Americans and other individuals throughout the world are currently experiencing.

In reality, we're experiencing high price inflation because of the compounded central planning that we have been subjected to in the form of monetary policy controlled by the Fed and mandates on economic actors initiated by the federal government. This was all very easy to predict. In fact, we here at the Bent predicted that the combination of unfettered money printing coupled with the forced shutdown of industry would lead to high inflation in April of 2020.

The lesson we should be taking away from the last two years is; stop trying to granularly control complex systems. We need to remove the Fed and the federal government from as much economic planning as possible. The way we do this is by adopting a better money in the form of bitcoin, which should bring opportunity costs back to reality, which will lead to better economic outcomes for the whole as capital allocation decisions are forced to be made with much higher scrutiny.

Jeff Deist from the Mises Institute perfectly encapsulates this anecdote in the tweet below. 
Fix the money, fix the world. Keep pushing forward, freaks.
Final thought...

And I knew without asking she was into the blues.
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Key phrases

Older messages

Marty's Ƀent - December 14th, 2021 - Issue #1130

Tuesday, December 14, 2021

Tuesday, December 14th 2021 - Issue #1130 The Lightning Network is creating efficiency for traders Here's a great blog post from the team behind Kollider, an exchange that allows traders to trade

Marty's Ƀent - December 13th, 2021 - Issue #1129

Tuesday, December 14, 2021

Monday, December 13th 2021 - Issue #1129 Open source changes the game theory Here's a current news item that highlights how open source software changes the game theory of physical conflict; rebels

The Sat Standard - Bitcoin Weekly - Dec 11 2021

Saturday, December 11, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - December 9th, 2021 - Issue #1127

Saturday, December 11, 2021

Friday, December 10th 2021 - Issue #1128 A payment pool proposal pops up Here's something you freaks should jump into this weekend when you get a chance; a payment pool proposal from Jeremy Rubin.

Marty's Ƀent - December 9th, 2021 - Issue #1127

Friday, December 10, 2021

Thursday, December 9th 2021 - Issue #1127 Jail break; an imperative In case you haven't noticed or you simply forgot, much of the world has been subjected to some form of forced locked down since

Biconomy Deep Dive

Saturday, January 22, 2022

Making Web 3.0 Frictionless & Mainstream ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

CryptoPage Newsletter - Issue 224

Saturday, January 22, 2022

Crypto Daily News - Jan 22, 2022 View on the Web Archives ISSUE 224 January 22nd 2022 Crypto News El Salvador buys more bitcoins as the cryptocurrency's price falls to $36000. El Salvador president

Round 28 Cryptowriter NFT Engagement Winners!

Saturday, January 22, 2022

Top 10 Most Engaged Users The top 10 most engaged users across our entire publication. Our analytics take into account the total amount of likes, comments, and shares. Most engaged winners receive 1

Marty's Ƀent - January 21st, 2022 - Issue #1149

Saturday, January 22, 2022

Friday, January 21st 2022 - Issue #1149 These people hate you and think you are beneath them "At Davos a few years ago the Edleman survey showed us that the good news is the elite across the world

Operational Security: Upskilling Your Online Safety Game | BanklessDAO Weekly Rollup

Saturday, January 22, 2022

Catch Up With What Happened This Week in BanklessDAO ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Cardano Dan's Newsletter - Issue #183

Friday, January 21, 2022

Give Me Truth ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Grayscale adds Amp to DeFi index fund; Amp on Vauld; Flexa at NRF 2022; Bancor LP fee increase

Friday, January 21, 2022

The Amp Community Digest for Friday, January 21, 2022 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Bounty Brief #40

Friday, January 21, 2022

ConstitutionDAO bounties debut — along with a new and improved Drops page ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

This Week in DeFi - January 21

Friday, January 21, 2022

This week, 1inch comes to Avalance and Gnosis Chain, Aave Arc headed to L2, Stader Labs raises $12.5m for staking, and EIP-1559 for Polygon ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Trust vs Verify - The Daily Gwei #421

Friday, January 21, 2022

Where we're going, we don't need to trust anyone. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌