"Inflation is just a kicker"
You're The Voice | Efrat Fenigson
Max Hillebrand discusses inflation as state seigniorage—profit from the gap between money's production cost and face value. Penny minting loses money; $100 bills yield ~$99 in seigniorage. Digital base money requires only electricity costs, making it nearly pure profit. States can unilaterally create trillions and direct funds to chosen accounts.
https://relay.towardsliberty.com/dae0895d654b9eeead9e7d6f4c867e7dd67a4da79ddbdac75c0079d1927e11b0.mp4
You're The Voice | Efrat Fenigson
Max Hillebrand discusses inflation as state seigniorage—profit from the gap between money's production cost and face value. Penny minting loses money; $100 bills yield ~$99 in seigniorage. Digital base money requires only electricity costs, making it nearly pure profit. States can unilaterally create trillions and direct funds to chosen accounts.
https://relay.towardsliberty.com/dae0895d654b9eeead9e7d6f4c867e7dd67a4da79ddbdac75c0079d1927e11b0.mp4