Is Inflation Stealing Your Time? - Bitcoin, Scarcity and the Truth About Money (ep. 238)
About this episode
Wojciech Salski explores how inflation affects purchasing power and the value of time, discussing Bitcoin and economic principles.
Is inflation silently stealing your time and purchasing power? In this episode, Wojciech Salski explores the powerful ideas behind Bitcoin, scarcity, and the nature of money inspired by the book Bitcoin: Everything Divided by 21 Million by Knut Svanholm. The conversation dives into how scarcity creates value and why the expansion of the money supply can lead to the opposite effect: abundance of money but scarcity of real goods. As governments and central banks increase the supply of currency, inflation erodes purchasing power and changes the way people save, spend, and plan for the future. We explore the concept of inflation as a “time thief,” where the value of saved money gradually disappears, effectively reducing the value of the time and effort people spend earning it. This leads to a system that encourages consumption rather than saving and long-term thinking. The episode also explains the Cantillon Effect , showing how those closest to money creation benefit the most from inflation, while others experience the loss of purchasing power. Understanding scarcity, money creation, and economic incentives helps explain why scarce digital assets like Bitcoin can maintain value over…
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