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Yup.

Inflationary money is abominable and leads to two classes of Americans: the Owner class and the Renter class.

The Renter class has experienced a slowly and steadily worsening of their quality of life over the past 50 years or so.

Meanwhile, the Owner (stocks, real estate, bitcoin, etc.) class have enjoyed a stable or steadily improving quality of life over the same time period.

#Bitcoin will eventually fix this.
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Bitcoin Mises 1y ago

I absolutely agree with your statement but disagree with you saying there is no recession. What is considered a recession to you?

For me, if most people are doing worse off financially then I consider that a recession, even if a small percentage are having huge gains, skewing aggregate data.

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