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CPI is a sham.https://twitter.com/saylor/status/1374464038130708483 …
CPI is a misleading measure of inflation. Volatility is a misleading measure of risk. The former distracts us from the problem, while the later distracts us from the solution.#Bitcoin
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Is climate change making human penises smaller?
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No, just certain brains, judging by the number of denialists that fail to assess the systemic risk of irreversible change and underestimate the economy’s adaptability.
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JP — the key issue is velocity of money, not money supply. QE/Balance sheet expansion doesn’t matter if the cash doesn’t get lent out.
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If follows that inflation might be due bc we’ve seen massive amounts of fiscal stimulus. But monetary policy doesn’t really impact things (look at Japan) in this environment
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Just read. Nailed it Makes sense now and confirms intuitions of "worrying but not ridiculous"
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