Purchasing power across time In 1925, a dozen eggs cost about 25 cents. The typical working man had to work about 30 seconds to buy a single egg. Today — after all the labor-saving devices… computers, motors, artificial intelligence… and 100 years of enlightened economic management — he has to work 50 seconds. - Bill Bonner on #substack #money #inflation #bitcoin #fiat #gold #economics

Thank you for taking the time to engage. My concern with money being not #fungible is about bad actors and #oppressive regimes. Even in the free world, we see aggressive attacks on projects like #monero and #tornadocash.

Thank you for taking the time to engage. So, do you think #bitcoin is just as fungible as #gold? Does that require one to use privacy tools like #coinjoin?