Erik Voorhees
Erik Voorhees|Aug 21, 2025 18:33
Over the past half century, stocks have not risen when measured in real money. Stocks appear to be rising—society appears to be getting wealthier—because the denominator in which their prices are measured (fiat USD) is continually debased. Price is going up because the money in which it's measured is dying. Arguably the greatest illusion in modern society. And one of the largest contributors to wealth disparity... for the wealthy on average benefit from this phenomenon, while the poor and middle class remain neutral or are harmed. The great promise of Bitcoin—its great and noble ambition—is that, some years from now, it will perhaps have healed the institution of money in our civilization.(Erik Voorhees)
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