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0 pointspjc503y ago0 comments

People are unable to distinguish "prices have gone up from money printing" from "prices have gone up due to the pandemic and the war between Russia and Ukraine". Neither bitcoin nor gold can hedge against the latter.

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pookha3y ago

Prices have gone up because we have demand side inflation:

https://www.mercatus.org/publications/inflation/inflation-la...

Which is mostly driven by putting trillions of dollars into the economy. The Fed had 1 trillion on it's books during the 07 recession. It has 8 trillion on it's books now. That's a major problem.

psychlops3y ago

I guess you'll have to put me in the camp of unable to distinguish. There is always an "emergency" reason to print money.

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