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If you observed the absolute insanity that has been happening in asset prices, venture funding, equities, and crypto, there is absolutely no way you'd think tha
by puranjay 4y ago
If you observed the absolute insanity that has been happening in asset prices, venture funding, equities, and crypto, there is absolutely no way you'd think that money printing doesn't lead to inflation (at best) and the complete Mickey-Mousification of the economy (at worst).
Money has started feeling like a joke. It's thrown around for anything and everything.
An ERC-20 memecoin called Shiba Inu hit a market cap of $41B. A dying video game retailer hit a market cap of nearly $30B. A taxi aggregator swallowed $33B in funding and never turned a dime in operational profit in 12 years of its existence. A house bought in 2019 doubled in price in under 2 years.
Its complete and utter insanity.