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Aaand it's gone (the $15k). My point is that the Fed effectively devalued the world's reserve currency in order to stimulate the American economy. But some, per
by jasonlaramburu 5y ago
Aaand it's gone (the $15k). My point is that the Fed effectively devalued the world's reserve currency in order to stimulate the American economy. But some, perhaps significant, percentage of people instead blew that stimulus on a risky, volatile investment that does nothing to boost our productivity. And now the gains have been erased.
- imtringued 5y agoBy "destroying" are you saying that the seller is stockpiling the USD as if he is Scrooge McDuck? If so, what motivates the seller to hold onto USD despite 4% inflation?
- distances 5y agoNo, it's not gone. You paid $50k for the miner. Miner has $50k, you have a lottery ticket, and no money was created or destroyed.