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Distortion - Bitcoin Poem 043 by Christopher Westra

Inspired by Jack Mallers

CEO of Strike - A More Connected Financial World

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Distortion (Bitcoin Poem 043)

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Modern Monetary Theory (MMT) claims
That money must be managed or controlled
Actively setting a price (and supply) of money.
Artificially low or high interest rates lead to loss
Of signal which leads to misallocation of capital
Which leads to market bubbles and collapses
Let’s use a money that can never be distorted
In either price or supply by any group at all
This will be a money that gives true signals
About capital allocation to needed projects
Based on free market principles and work
What money can’t be distorted? Bitcoin

Written 2/3/23 by Christopher Westra
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