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Those 3 trillion dollars that the Fed injected into the financial industrial complex in April [1] (by way of increasing asset purchases) really rescued this eco
by titzer 6y ago
Those 3 trillion dollars that the Fed injected into the financial industrial complex in April [1] (by way of increasing asset purchases) really rescued this economy! It's fractal bubbles, everywhere.
Who's gonna be left holding the bag? The people at the bottom who have (meager) savings in cash. Their assets will get inflated away by endless QE.
[1] https://fred.stlouisfed.org/series/WALCL https://fred.stlouisfed.org/series/WALCL
- loceng 6y agoUntil the people vote into power people without selfish interests, eliminating regulatory capture, and then implement policy that will strengthen society and democracy - then yes, it will be a problem. It doesn't magically happen via aligning people through a financial incentive like Bitcoin though - the same problem exists of people being left holding the bag. I do think blockchain plays a role, just not like this - not like this.