Global economy collapsing and people talk about inflation? It is absolutely unreal.
If the last 4 decades proved anything it is that Keynesian economics is completely wrong. Yet all the inflationists hold onto it.
When will people learn that money (debt) printing does not cause inflation but, rather, is deflationary in the end. It crushes the economy because so much is required to keep servicing it, which adds zero to productivity.
Things are getting interesting.
The Bitcoin price is lagging behind by a lot, and in the chart we can see that the correlation is real. Hope to see the blue line approach the red one, this 2021 will be awesome.
@cryptographic,
Fiat money is a scam, we don't even know how much they have printed. In that way, crypto is the safe heaven! Yes, we all will by a boat by selling few HIVEs in future!
$tangent
Sometimes TANGENT too ;) Just saying...
Global economy collapsing and people talk about inflation? It is absolutely unreal.
If the last 4 decades proved anything it is that Keynesian economics is completely wrong. Yet all the inflationists hold onto it.
When will people learn that money (debt) printing does not cause inflation but, rather, is deflationary in the end. It crushes the economy because so much is required to keep servicing it, which adds zero to productivity.
That's not what we saw in the Weimar Republic.
And I think a lot of people would tell you their grocery bill has gone up a lot in the last few years ... along with everything else.
CPI continues its steady climb that I expect to accelerate, but, hey, that's just me and my thinking. 😉
Things are getting interesting.
The Bitcoin price is lagging behind by a lot, and in the chart we can see that the correlation is real. Hope to see the blue line approach the red one, this 2021 will be awesome.
Yeah, that would be around $1.3 million for each Bitcoin (on today's chart!).
@cryptographic,
Fiat money is a scam, we don't even know how much they have printed. In that way, crypto is the safe heaven! Yes, we all will by a boat by selling few HIVEs in future!
$tangent
Sometimes TANGENT too ;) Just saying...
Cheers~
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