by acdmbe | Mar 24, 2021 | Learn Bitcoin
“Inflation is Taxation without representation” Milton Friedman In the 21st century World Central banks have an inflation target of 2% a year. 2% inflation is not noticeable in the short term. This means £100 in your pocket this year will give you...
by acdmbe | Mar 23, 2021 | Learn Bitcoin
Under a Bitcoin standard, the tax payers won’t ever bailout banks again. There is no doubt that Banks were responsible for the Global financial crisis of 2008. You would have thought they would be held accountable for such a cataclysmic event. But no. The UK...
by acdmbe | Mar 23, 2021 | Learn Bitcoin
Central Banks use a term called Quantitive Easing to describe the practice of “printing money out of fresh air” if anyone else tried to do that they would go straight to jail. This creates price Inflation. Where over time the price of things you need to buy goes up....
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