"Your groceries aren't becoming more expensive;…

Economist and author Saifedean Ammous posted this on X/Twitter on August 18, 2024:

“Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is. Only bitcoin fixes this.”

The post has been frequently quoted, but “Only bitcoin fixes this” is often left off.

X/Twitter
Justó
@justice4few
Prices aren’t going up, your money is becoming less valuable.
9:33 AM · Jun 23, 2022

X/Twitter
InterNetscape
@municipaltapout
Housing isn’t becoming more expensive your money is becoming less valuable
2:00 AM · Jul 14, 2023

X/Twitter
LukeBelmarCC
@LukeBelmarCC
Things are not becoming more expensive
It’s just that your money is becoming less valuable
• They steal the value of your work
• They steal the value of your time
• They steal the value of your energy
And you’re still okay with that?
8:00 AM · Jul 3, 2024

X/Twitter
LetsMakeCake
@LetsMakeCake__
Things aren’t getting more expensive. Your money is becoming less valuable through mass printing.
1:45 PM · Aug 16, 2024

X/Twitter
Saifedean Ammous
@saifedean
Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is.
Only bitcoin fixes this.
Quote
Lyn Alden
@LynAldenContact
Aug 16
Grocery stores have razor-thin profit margins and people are talking about them price gouging. 🤷‍♀️
12:11 AM · Aug 18, 2024

X/Twitter
BitBum 聡中本
@PeacefulBitcoin
A perfect statement — “Your groceries aren’t becoming more expensive; your money is becoming less valuable.”
6:24 AM · Aug 18, 2024

X/Twitter
Michael Rosmer
@MichaelRosmer
*sigh*
Monetarists are overly focused on central banks and money instead of what they should focus on which is real goods and services & global competition.
Here’s the thing about inflation. In theory if the money supply rises and prices rise that’s not a problem if your wages rise proportionally
The issue here is in fact for many people their wages haven’t risen proportionally how come?
Bitcoin or gold or any such monetary system has little to do with this
There is some element of the cantillion effect here, more to do with distorted incentives reducing relative production of things that make lives better or allocation of resources to those things. There’s also a functional distribution element that comes with late stage capitalism, over financialization and inequality. And of course there’s global competition. Ask who are the people whose lives have become better relative to real goods and services?
Quote
Saifedean Ammous
@saifedean
Aug 18
Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is.
Only bitcoin fixes this. x.com/LynAldenContac…
10:37 AM · Aug 18, 2024

Facebook
Belal Miah
August 19, 2024 at 11:24 AM ·
Your groceries aren’t becoming more expensive, your money is becoming less valuable. It’s not the shops, it’s the banks.

X/Twitter
Rothmus 🏴
@Rothmus
🎯🎯🎯🎯
@saifedean
(“‘Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is’ Saifedean Ammous @saifedean” is shown.—ed.)
1:29 AM · Oct 26, 2024

X/Twitter
Sylvain Saurel
@ssaurel
Remember this quote from Saifedean Ammous:
“Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is.”
Bitcoin is your way out.
#Bitcoin #BTC #Inflation #Money
(“‘Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is’ Saifedean Ammous @saifedean” is shown.—ed.)
10:46 AM · Oct 26, 2024

“Your groceries aren’t becoming more expensive; your money is becoming less valuable. Your supermarket is not the problem; your central bank is”