Economics is hard to wrap your head around 🤔
The Fed (central bank) controls monetary policy by controlling the volume of money supply and the interest rates, thus effectively controlling and balancing the credit available for expansion of the economy
As the economy grows, wages and household incomes grow, demand grows, and inflation happens
But, if you're HODLing #bitcoin, you're buffered against this inflation because bitcoin gets dearer with time. So, you're lucky
So far so good
But why do bitcoiners say the Fed is "evil" 🙈? How is bitcoin a legit alternative to fiat?
#asknostr
