The terrible money theory of John Maynard Keynes (1883-1946) is bullshit.
The productivity gains achieved by technical progress ought to lead to falling prices and to people having to work less, since they can produce the same amount of goods in less time. Instead, even after 200 years of rapid technical progress, people still have to work 8 to 10 hours a day because the terrible Keynesian inflationary monetary theory leads to a redistribution from the working population to those who own productive capital. Hopefuly, Bitcoin will break this vicious circle!
[link] [comments]
from Bitcoin - The Currency of the Internet https://ift.tt/iKdj9DA
No comments