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The extra messed up thing is that the Fed, through its willingness to print, enabled/made viable the failed policies that destroyed our economy and caused untold damage to our children and mental health. Without the money, we’d have been forced to take Sweden’s reasoned approach.

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Thomas Massie

@RepThomasMassie

· Mar 13

Congress, under both Trump and Biden, spent $7 trillion we didn’t have, in the name of COVID. There wasn’t $7 trillion available to borrow, so of course we printed trillions of dollars. Anyone who is telling you this didn’t cause inflation is either ignorant or lying.

5:06 AM · Mar 13, 2022Twitter for iPhone

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As the U.S. Federal Reserve continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost?

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It's a layer cake of greed, evil, and idiocy.

Jungle Inc XRP, DOT, ADA, ATOM, ALGO #MMG

@jungleincxrp

Mar 13

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@jespow

Relax, they are just getting started.

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Inflation is the most insidious form of taxation, as it disproportionately affects the poor working class. Just another consequence of centralized power.

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A bit odd coming from an exchange CEO Without the printing crypto would have stayed 2019 early 2020 numbers 🤷‍♂️

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✊

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But how much of the stimulus money did recipients use to buy #Bitcoin, cryptocurrencies, and NFTs? Would the cryptocurrency industry be better off without these new retail customers and their cash liquidity?

Jesse Powell

@jespow

Mar 13

Surely, they have moved us closer to hyperbitcoinization. Such a high price to pay though. We could have made our way on a slightly slower timeline without all the misery.

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Now the fed must inflate away the debt…

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It's complicated though. The US bankrupted itself fighting communism in the 50's and 60's. Without that the world would look much different to today, and not for the better.