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Imagine thinking that diluting money and giving it to those who have market asks on stocks “stimulates the economy”. Actually economic stimulus: Productivity Increases (eff. Technology, harder work), decreases in cost (reducing waste), new types of wealth / QoL increases.https://twitter.com/SquawkCNBC/status/1152167980953952256 …
Indeed, it mostly just stimulates short-term consumption & inflates assets farther beyond their fundamental values, at the expense of cash savers (usually poor * working class). The long-term demographic trends in Japan, Europe, etc. can't be beaten with monetary astrology.
![J. ₿itcoin v. Goethe [3rd Jan 🔑] ⚡](https://pbs.twimg.com/profile_images/1116473410446667776/EZigZH6s_normal.jpg)
I feel like the cantillon effect isn't emphasized or studied enough. I think it's the primary driver of wealth inequality in society.
Agreed! The charts are in retrograde at the moment with Japan's economy looking particularly Scorpio.
“Monetary astrology”. Good one.
Don't disagree that 0% inflation might be ideal, but that still implies having the monetary base growing with real GDP around 2% per year....not a fixed base. Also, per below chart, in practice there's not much difference between 0% vs 3% inflation?pic.twitter.com/9DmOef4qRq
Also, one potential worry with a currency with a fixed monetary base like bitcoin and many other cryptos, is regarding "the money illusion" and the forced nominal wage cuts that potentially result (yellow highlight in table below) Interested in others thoughts on this...pic.twitter.com/VGJI1AhQeA
Wow, it's a front row seat to the destruction of capitalism. The pigs at the trough are so greedy nothing matters but more slop even it means they are the meal.
They are backed into an ugly corner... no more slack in the system... the only thing to do is bleed the system until it dies... But they are smiling!
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