A🧵
cc @SwanBitcoin
1. Domestic government borrowing
2. International government borrowing
3. Quantitative Easing (QE)
4. Modern Monetary Theory (MMT)
All involve taxing the people and redeploying capital into the economy.
lynalden.com/quantitative-e…
As fun as money printing is, MMT blows the gasket by removing the training wheels on the power to create money. But has the gov't given you ANY evidence throughout history that it can be trusted to handle that power?
brrr.money
Ultimately all its doing is creating a direct pipeline with tech companies who only benefit from it while simultaneously reducing jobs.
Though these deleveraging events could impact the short biz cycle, the end of the ~80 long term debt cycle is what is really affected
Why? The crisis shifts from the private sector to the federal level
Mix in a little bit of luck, timing & concentration of risk to produce wealth
- you're wrong you go to 0 & start anew
- you're right you create wealth & diversify
As it goes through the staircase increases it will reach more and more people/institutions.
Nothing in the market right now can displace it.
A country banning it would create more incentive for another to accept it. There is short term risk but it dwindles as each block is mined.
It's easy for a politician to say they're going to pay you every month in UBI rather than fixing the root cause. Thus the constant boosting of asset prices rewards those who hold them while making them unobtainable for those who don't.
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