A Little Story About Inflation – An Excerpt from Bitcoin: The Honest Money

The excerpt argues that persistent inflation devalues money and the time earned to buy goods, citing a decline in real purchasing power over decades. Using examples (newspaper delivery in Germany) and macro figures (global M2 ≈ $120 trillion), the author quantifies annual purchasing-power destruction (about $4.8 trillion at 4% inflation) and warns of broad redistributive effects. Bitcoin is presented as an anti-inflationary money: capped supply (21 million), ~19.9 million already mined (~95%), and full issuance expected around 2140. The market implication: bitcoin’s fixed supply supports a long-term store-of-value thesis—goods denominated in bitcoin should become cheaper over time—implying bullish structural demand from those seeking inflation protection.