I keep thinking of real estate/stock/crypto appreciation as artificially contained inflation that will explode into the consumption economy at some point. It hasn’t happened so far because the wealthy haven’t found anything else worth bidding up prices on.
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In a weird way this is proof that trickle-down theory is false. If it were true, inflation contagion would be spreading with the trickle down. Cantillon effect but for trickle-down inflation 🤔
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It’s because the money wasn’t being lent to many folks before and is now, with govt backing. By some accounts (no, not those) inflation will be here next year.
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What do you think of applications like Musicoin that exist but can’t beat the market of Spotify/iTunes? It seems like we would need those services to adopt crypto.


