A very smart friend who is not red tribe, and is not prone to hyperbole is discussing the ongoing collapse of the Mandate of Heaven, and suggested the chance of ~ 100% annual inflation as said Mandate unwinds This does not seem likely to me...but maybe normalcy bias on my part?
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5/ still don't understand why we'd ever have deflation when it's trivial to solve with paper and inkhttps://twitter.com/AniRome05496357/status/1427261056485928973 …
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6/ so you're arguing that (a) deflation will happen if we pay off our credit, but (b) we will not pay off our credit, and in fact will borrow more right? so I'm again losthttps://twitter.com/wraithburn/status/1427262644566757387 …
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