"Wealthy" defined as owning 100% of the fruits of your labor you trade for a continuously appreciating currency. As productivity increases, everything continuously decreases in price, but individual purchasing power continuously goes up. Under a currency backed by labor, energy, or proof-of-work, NO WORK=NO CURRENCY.
Continuously increasing prices in a positively increasing productivity workforce is not mathematically or economically possible. What is happening is that all of the gains from productivity are intentionally being siphoned off via the "debt issuance" and continuous money printing (decreasing of purchasing power of users of the debt money). It is hard to understand since we haven't seen it (real economics without debt dollar) in action for a very long time.
Yes we've been taught that inflation is normal and even good! The whole Babylonian money debt slavery system is the inversion of true economics and a free market.
"Wealthy" defined as owning 100% of the fruits of your labor you trade for a continuously appreciating currency. As productivity increases, everything continuously decreases in price, but individual purchasing power continuously goes up. Under a currency backed by labor, energy, or proof-of-work, NO WORK=NO CURRENCY.
Continuously increasing prices in a positively increasing productivity workforce is not mathematically or economically possible. What is happening is that all of the gains from productivity are intentionally being siphoned off via the "debt issuance" and continuous money printing (decreasing of purchasing power of users of the debt money). It is hard to understand since we haven't seen it (real economics without debt dollar) in action for a very long time.
Yes we've been taught that inflation is normal and even good! The whole Babylonian money debt slavery system is the inversion of true economics and a free market.