Only 13% of our planet’s population is born into the dollar, euro, yen, etc.
The other 87% are born into autocracy or considerably less trustworthy currencies. 4.3 billion people live under authoritarianism, and 1.2 billion people live under double- or triple-digit inflation.
In @gladstein's latest article "Check Your Financial Privilege," he spoke with @ireaderinokun, @SudanHODL, and @KalKassa as they shared their stories on why Bitcoin is so important.
https://bitcoinmagazine.com/culture/check-your-financial-privilege
"So much so that when one’s family or friend gets a government job, she said, there is an assumption that they will provide for you and a circle of others. The money trickles down through nepotism and the people at the top get fat. This is an example of the Cantillon effect in action, where those closest to the point of money creation benefit at the expense of the rest."
"Modern Sudan is another vivid and tragic example of the Cantillon effect."
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The Cantillon Effect
https://mattstoller.substack.com/p/the-cantillon-effect-why-wall-street
Hi, Welcome to BIG, a newsletter about the politics of monopoly. If you’d like to sign up, you can do so here. Or just read on… Today I’m going to try and explain why the Fed and Congress, while attempting to throw money at everyone, disproportionately tends to aid certain narrow financial actors.
"Kassa has created Telegram groups where he pays freelancers, graphic designers and translators based in Ethiopia with bitcoin."
This is the way.
#Bitcoin 
#EarnBitcoin #Freelance #Freelancing #PayMeInBitcoin #Ethiopia 🇪🇹 #Africa #Kassa #KalKassa
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