Bitcoin in the Inflation Cycle of Nation-States

There are two kinds of periods in history: local periods and global periods. In local periods, governments financially repress savers to finance past and present wars. In global periods, financial regulations are relaxed and global trade is promoted.

Local periods are inflationary periods, while global periods are deflationary periods. Any macro theorist you follow will have a similar taxonomy to describe the major cycles of the 20th century and beyond.

There are two kinds of periods in history: local periods and global periods. In local periods, governments financially repress savers to finance past and present wars. In global periods, financial regulations are relaxed and global trade is promoted. Local periods are inflationary periods, while global periods are deflationary periods. Any macro theorist you follow will have a similar taxonomy to describe the major cycles of the 20th century and beyond.

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