4 ms·
> The fact that we powered through the last financial crisis without inflation... If you trust those metrics, yes everything is perfect. Prices at grocery migh
by rawtxapp 6y ago
> The fact that we powered through the last financial crisis without inflation...
If you trust those metrics, yes everything is perfect. Prices at grocery might not have inflated, but assets certainly have, real estate is crazy expensive, stock market P/E ratios have also exploded. For the working class whose income has relatively stayed stable, it means life is a lot harder.
The money is very much flowing in the crypto world, just look at DeFi, it has more or less the equivalent services available elsewhere, but everyone has access, you don't need trust, it has large volumes and billions of dollars in capital in these protocols.
It's great if you want a predictable global monetary system not controlled by any single entity. If you don't see any value in that (as in you really trust your gov and the politicians/bankers), I don't think there's anything I could tell you to convince you otherwise.