3/ And the chance of economic catastrophe in our lifetimes is pretty high. A doomer looks at this and says "so what even is the point? Just give up." Don't be a doomer. Preparation is always better than lack of preparation.
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Ahh, but in the Panic money supply was not fixed as much as people think, yet there was massive deflation when things came due. Fascinating bit of history.
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And with the CLOs that many banks have, along with the _loan_ side of money printing, I expect when the businesses go tits up that the loans die a la housing crisis, which rapidly deflates money because the loans are how they printed it in the first place.
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This is one reason I’m skeptical of Bitcoin in particular. Growth with a fixed money supply means prices have to fall, making people reluctant to spend as the money they hodl keeps getting more valuable.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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