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And what's to blame for the tulips high price? A broken fiat monetary system. The reason why tulips are so successful and anti-fragile is that they can be grow
by xondono 5y ago
And what's to blame for the tulips high price? A broken fiat monetary system.
The reason why tulips are so successful and anti-fragile is that they can be grown everywhere.
By the way, if an activity like mining is only profitable because of money printing (depressing interest rates), given the world has been in zero to negative interest rates, this means the activity is not productive.
- cryptica 5y agoSome people have argued that tulip mania was driven by monetary policy. When discussing supply and demand, it's not only about supply and demand of the goods or services, it's also about supply and demand of the currency which those goods and services trade against. Changes in the supply of a currency can affect prices in unpredictable ways; inflation is not evenly distributed.