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"Line go up" is fine when the new money is all concentrated in the imaginary financial sphere and doesn't leak into the real world. Now however they went and cr
by h2odragon 5y ago
"Line go up" is fine when the new money is all concentrated in the imaginary financial sphere and doesn't leak into the real world. Now however they went and created even more new money, and holders of the "imaginary portion" of the money supply want to realize it before it loses value... which is the inflationary disaster they've been pushing ahead and putting off forever with "line go up".
Like living under a big, poorly built dam. You know there's this potential flood on the other side, looming over you. So you pile another foot of dirt on top of the dam and yay! the disater isn't as near. Keep doing this for 15 years and you might forget the reason for the ritual of the dam raising and consider the lake to be proof of your virtue and productivity.
Now the water isn't as wet and we want more, need more; surely we can just carve a few channels in the dam and let some of that water flow, right?