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Toward a Node World Order

  • Article
  • Nov 11, 2022
  • #Bitcoin
Michael Goldstein
@MichaelGoldstein
(Author)
bitcointimes.io
Read on bitcointimes.io
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The primordial state of man is poverty. Nature is unforgiving in its scarcity of available means. On a fixed amount of land with a fixed amount of technology, there is a physical li... Show More

The primordial state of man is poverty. Nature is unforgiving in its scarcity of available means. On a fixed amount of land with a fixed amount of technology, there is a physical limit to the output of labor. As Hans-Hermann Hoppe observes:

Only one way exists for such a stationary society to further increase real income per head or to grow in size without a loss in per capita income: through technological innovation, i.e., by the employment of better, more efficient tools made possible through savings brought about by the abstention from leisure or other immediate consumption.

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Parker Lewis @ParkerLewis ยท Dec 13, 2022
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How bitcoin obsoletes inflation and promotes human flourishing. Toward a Node World Order. Fantastic article by @bitstein in the Bitcoin Times Austrian Edition (Ed. V).
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