3 lines
796 B
Markdown
3 lines
796 B
Markdown
|
> Nevertheless, it was the natural reaction of most Germans, or Austrians, or Hungarians - indeed, as for any victims of inflation - to assume not so much that their money was falling in value as that the goods which it bought were becoming more expensive in absolute terms; not that their currency was depreciating, but - especially in the beginning - that other currencies were unfairly rising, so pushing up the price of every necessity of life. It reflected the point of view of those who believe the sun, the planets and the stars revolve with the moon around the earth.
|
||
|
|
|
||
|
|
Sounds like the world in 2022. Or like all the no-coiners when they become shocked and confused by Bitcoin's monstrous increases in value. They don't realize it's not Bitcoin rising, but rather their currencies falling.
|