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News articles about cryptic, now-deleted tweets are not a great way to discuss these issues. It seems the media wants inflation and stocks and Bitcoin to be the

News articles about cryptic, now-deleted tweets are not a great way to discuss these issues. It seems the media wants inflation and stocks and Bitcoin to be the new attention-grabbing topic now that the election is over and COVID is trending downward due to vaccine availability. Inflation has entered the public zeitgeist in a weird way: Too many people are convinced that inflation is a binary on/off switch, rather than a range of values. Too many people have also been led to believe that Bitcoin is the only way to escape inflation, when really any asset will rise with inflation (by definition).

mox1 6y ago
He posts then deletes every one of his tweets, just what he does.
Traster 6y ago
In some ways though inflation is on/off. There have been a number of events in US history where inflation went from “ off” (sub 5%) to “on” (>10%). No one is worried inflation will rise to 2% they’re worried it’ll rise to 20% (or as BTC holders think - 2,000,000%)
deleted 6y ago
[deleted]
terse_malvolio 6y ago
> Too many people are convinced Oh? How do you know? I think you are convinced that other people are convinced which is different. It may sound like I'm being obnoxious but I only attempt to hint that it's hard to believe in a 100% natural 'public zeitgeist' anymore.