4/ I see absolutely no evidence that the existence of the Fed feeds into / creates the penchant for taxing and spending.https://twitter.com/Ideoprax/status/1215769435656675328 …
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15/ kids these days don't get "at 19% ?!!?" https://www.youtube.com/watch?v=N5C8C1WAywU …
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16/ If your grandparents "invested" that money by piling up pieces of paper in a stack, then they deserve that. Invest in ANYTHING. Stocks. Bonds. Real estate. Comic books. Classic cars. ANYTHING. Cash is a medium of exchange, not a store of value.https://twitter.com/AlexRDell/status/1215785932042801154?s=19 …
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17/ Also, dude, you're counting the inflation twice. EITHER say that it's worth X now OR say that prices have gone up. But not both, because it's the exact same thing.https://twitter.com/AlexRDell/status/1215785932042801154?s=19 …
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18/ No, this is very very wrong. Currency is MB or M0. Around $4T. US economy is $22T (GDP, I.e. earnings) or $40T (market cap, I.e. stocks) or maybe $100T (real estate, public market cap, private firms) or maybe morehttps://twitter.com/ctdonath/status/1215822173937553408?s=19 …
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@Fourmilab@AlanMCole if USD is your "mother" currency and you are still alive (max age 120yrs), you don't know what inflation is and how it feels.Thanks. Twitter will use this to make your timeline better. UndoUndo
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