Precisely. I think it was Warren Buffett who said "show me the incentives and I'll tell you the outcome" or something to that effect. Governments are incentiviz

Precisely. I think it was Warren Buffett who said "show me the incentives and I'll tell you the outcome" or something to that effect. Governments are incentivized to seize as much power as money creation allows them. The only thing that has held them back from constantly brrring the money printer is inflation, as it is obviously bad for winning votes. Interesting to see how the Fed will manage 7.5% inflation by raising rates 0.25% and even then there's a high chance they will U-turn almost immediately. I really wonder what Biden must be thinking about Powell right now.