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I think the author needs to integrate into these arguments the Nixon Shock of 1971 and what’s happening with inflation in the US since 2008. There’s a reason th
by david927 6y ago
I think the author needs to integrate into these arguments the Nixon Shock of 1971 and what’s happening with inflation in the US since 2008. There’s a reason the Dow just hit a record high and it’s not because the fundamentals of those firms are strong.
I’m not a Bitcoin holder but the correct finger pointing here is at monetary policy.
- ur-whale 6y ago> the correct finger pointing here is at monetary policy. At this point, even calling it "policy" is utter delusion: it would somehow implies the people who hold the wheel have a minimal clue about what the impact of their decisions ("Policies") will have for the mid to long term future of the economy. They absolutely don't. They are driving without a map, only worrying about the next turn in the road. We are raised to believe our leaders are at least vaguely competent. At best: they aren't. At worst: their actual competence is centered around how much they can do for themselves.
- david927 6y agoIt’s really akin to doctors centuries ago who would bleed out patients. Their cure is worse than the disease.
- ffggvv 6y agoi agree if you mean the unlimited liquidity and fiscal has pumped up asset speculation to historic proportions i disagree if you mean people are somehow buying it as a hedge to the dollar
- david927 6y agoThose are the same thing