#Trump is right to deduce that energy is probably the largest market good whose abundance or scarcity can drive prices up or down.
#Trump is wrong to say that energy is what causes inflation. Only money printing driven by Gov spending causes inflation.
Even Elon knows that.
Why not both? The tie between energy and money is real, cut off access to energy and inflation definitely will go up (though hopefully the market corrects itself eventually)
I prefer not to label the price variations within a market as inflation or deflation, TBH.
Fair, though with a fiat petrodollar separating the two of them is basically arbitrary
True. Even on a #Bitcoin Standard where the concept of inflation/deflation fades away, the price of energy will heavily influence prices. Supply and demand is better framing.
What Trump is actually doing:
1. Driving down the cost of energy by massively increasing local supply/cutting red tape, thus offsetting inflation and cooling prices.
2. Going to war with government spending, thus reducing inflation directly. Also making lending more affordable by driving bonds up (pending) and the dollar down (pending).
3. Installing #Bitcoin, which hopefully will force 'saving before spending' on a long enough time horizon.
Applying 'inflation' and 'deflation' to every level of the economy is confusing for normies. I think that's the main reason nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpzdmhxw309akx7cmpd35x7um58g6rsd3eqy28wumn8ghj7ct9va5hxtn4w3ux7tn0dejsgxtdrz's thesis is not accessible to them.
Tofay, technology makes things abundant and cheaper, which offsets inflation, making goods and services somehow still in reach for most despite how poor everyone's been made (by money printing).
On a #Bitcoin Standard, folks get richer in terms of goods and services (the only definition that makes sense) over time.
There would no longer be any inflation (technically some slow deflation), just supply and demand, to which technology would instillthe real and reasonable expectation of continued generational abundance.
Dont forget team Trump gifting with shitcoins + finance bros/suits to get rich.
Always has been meme
