Schumpeter characterized creative destruction as innovations in the manufacturing process that increase productivity, describing it as the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one,… pic.twitter.com/ngbD79z9yD
— Robert ₿reedlove (@Breedlove22) November 9, 2023
Copyright © 2022-2023 Robert Breedlove. All rights reserved.
My mission is to cast light on the corruption of money. As the universal medium of exchange, money is the means by which humans peacefully cooperate and compete with one another in the marketplace to produce more goods than we otherwise could. In this sense, money is mankind’s universal language of value.
Money can only exist so long as there are humans capable of producing and trading goods. Money itself is a good that emerges spontaneously on the free market—it is not a product of government central planning. Most essentially, money is a tool for humans to trade favors, or their productive time, with one another. As such, and like language itself, money is one of the most important tools for humans to communicate toward the building of a peaceful and prosperous civilization. Under the paradigm of centrally planned money known as central banking, money is monopolized, manipulated, and counterfeited at scale. In other words, central banking is the corruption of money.
Corruption consists in the uneven application of rules, and central banks enforce rules that apply to some humans but not to others. Corruption degrades the utility of money as a tool for trading the products of human effort by making it an instrument for stealing the products of human effort through currency counterfeiting (aka inflation). It is critical to understand that inflation is legalized counterfeiting, and counterfeiting is criminalized inflation: there is no economic distinction between arbitrarily expanding the money supply and counterfeiting currency, there is only an unevenly applied legal framework.
In truth, central banks are nothing more than currency counterfeiting cartels. Money is the most important form of private property, private property is the foundation of civilization, and inflation is a violation of the private property of people holding savings in the corrupted money. As an instrument of theft, corrupt money subverts the process of civilization and poisons the human heart. Money influences how humans think, act, and perceive the world around them. When money is corrupted, humans are thus damaged psychologically, culturally, and socioeconomically. Money is the ultimate tool of economic freedom, and when central banking corrupts this indispensable tool, it instead incentivizes some humans to treat other humans as tools.
In other words, centrally banked corrupt money is an institutionalized system of economic slavery. In this way, the monetary standard and the moral standard are inexorably linked: the extent to which theft is immoral is the same extent to which corrupt money is immoral. The only solution to the pervasive corruption of money in the modern world is the incorruptible money known as Bitcoin. As the only money with a perfectly fixed supply, Bitcoin is not subject to monopolization nor counterfeiting. Uncorrupt money is the basis of a moral existence, and by extension, incorruptible money is the unshakable foundation of a peaceful, prosperous, and impervious civilization. This is why my mission is to cast light on the corruption of money. Hence the mantra often repeated by Bitcoiners: “fix the money, fix the world.”
