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i don't know about bitcoin but you do have a point about the current spin being put on high inflation. High inflation is universally known as bad for an economy
by chasd00 5y ago
i don't know about bitcoin but you do have a point about the current spin being put on high inflation. High inflation is universally known as bad for an economy.. until now for some reason.
- rglover 5y ago> High inflation is universally known as bad for an economy.. until now for some reason. Because, presumably, the shoe is about to drop and they want citizens to willfully accept their savings/investments going to zero and replaced with a digital surveillance currency (CBDC or Central Bank Digital Currency). If they can convince the general population that "inflation is good," they're less likely to take flight to alternatives like metals, Bitcoin, land, etc or try to behead the bankers who stole their wealth. IMO, MMT is just Stockholm Syndrome rebranded for finance.
- standardUser 5y agoI don't think anyone is arguing in favor of sustained high inflation, and we also don't currently have sustained high inflation. But some inflation is good for the economy, and current inflation currently hasn't gone much past "some" after being extremely low for a very long time despite obvious inflationary pressure.