i believe you that you have higher IQ than me but what is happening has nothing to do with the FED and everything to do with the Lockdowns, Stimmies and other measures such as canceling and blowing up pipelines, destroying food supplies and so on ...
it's obvious to me because i know the big picture and the master plan ...
unfortunately Bitconers are like a man who has only a hammer so every problem looks like a nail to him ...
all they can do is blame monetary policy ...
what they don't understand is that inflation isn't caused by printing money
its caused by printing money faster than economy is growing
or by supply getting pinched as it was during the lockdowns
it first manifested as shortages and then market readjusted by doubling the prices of food and energy
literally had NOTHING to do with the FED
i am not a fan of the FED ( they're all Jews ) but facts are facts
of course printing money is literally the definition of inflation regardless of prices
but here when i say inflation i am talking about rising prices
which is what most regular people ( as opposed to economists ) mean by inflation
Heh. I don't think of myself as a bitcoiner, even though I have bitcoin. And I don't blame everything on money printing, even though I went to the trouble of reading Human Action by Mises and other works of Austrian economics. I just thought it was a funny graphic that bitcoiners would like. I think it was made by a bitcoiner.
What is wrong with printing money is that it is unfair and fundamentally cheating. But if you want to predict things, the velocity of money cannot be ignored. Lots of printed money that isn't moving doesn't push up prices. Small amounts of money that is moving like a hot potato pushes up prices. And these are positive-feedback cycles, either driving down towards depression (which is where Austrians think we should be all the time, but they don't say it that way), or spiraling up towards hyperinflation.
