If you print a trillion dollars out of thin air and then measure GDP nominally in dollar amounts, OF COURSE GDP goes up. Like fucking duh. But it means nothing.
It’s little different than changing the size of inches on a tape measure and then measuring the same house again, and congratulating yourself on having a bigger house.
Keynesians literally believe that digging a hole in the sand is proof of work that matters lol
This is why the S&P is flat when denominated in gold.
And when it’s denominated in BTC? Well… they don’t want want to talk about that.
Few know.
The few that know get impacted the greatest. Inflation doesn't effect everyone the same. Those that posses assets benefit from asset inflation. Some bitcoiners are eagerly waiting for the money printer to turn on, but that's going to wreck billions of people worldwide. It comes off as savage and hypocritical when some ask for this system to continue stealing from others even if it now benefits us.
Keynesians love to mimic the raisin bread, balloon, or rubber band analogies to an expanding universes with their own monetary expansion. 🎈 💵
I just changed how much a pound is so that I can eat a 29lb steak tonight🚁😁
