I work with a kid who is fresh out of college w/ an economics degree.
Believes the following
Inflation is good - ideally 5%
Hyperinflation is better than deflation
Fiat is the superior currency even to a gold or asset backed currency.
NGMI
Discussion
Serve him up the orange pill my friend
I will try. The indoctrination of βhigher educationβ is deep.
For crying out loud π€¦πΌββοΈ
My bosses first job was for Jamie Dimon π€£ back in the day.
If they only knew I was listening to #Bitcoin spaces/podcasts all day everyday at work ππ
I knew we were in trouble when I heard Scott Adams, who likes to tout his business and economics training and experience, speculating that maybe the Fed *could* just keep printing money forever at the QE pace, without any consequences. π¬
They truly believe the Fed has the power and ability. Once the Fed says itβs okay, the markets will adjust back, that is how it works.
Iβm sure itβs taught everywhere. No wonder so few people can see #bitcoin for what it is.
Nature always corrects and karma is a bitch.