When the fiat economists lose control they begin to rationalize the train derailment as a good thing, actually.
There’s no sane world in which any amount of increasing price inflation is beneficial for the common man.
These people have lost their minds.
Krugman has become the mouthpiece for all shitty economic policy. A simple heuristic would be just to inverse everything that comes out of his face.
this has been the case for a very long time.
It’s an excellent strategy for strengthening the state.
They haven’t lost their minds…they know exactly what they are doing and just don’t care
All very sad but we are going to win because we have facts on our side. Bitcoiners have integrity and are just smarter than these 🤡 🤡 🤡
this is akin to saying we should go 50K miles between oil changes instead of 40k miles and then wondering why you have to buy a new car every 6 months instead of every 7 months.
The marketing has begun for normalizing moving target to 3% or higher expect more of these. The suits know best!!!!!!
The fed should carefully aim a gun at its own head
This guy has been advocating broken window economics his whole life; domestic Americans are now realizing they are the windows
Ha! I knew it was him before I looked.
I fucking hate Krugman.
I’m targeting 0.9% in April next year, we’ll see how it goes for 4 years, and then halve it out of an abundance of caution in 2028.
How about decreased governmental spending, no more printing, and destroying excess tax revenue? That would uphold the common good.
Better yet, back the currency with something rooted in physical reality, get rid of fractional reserve lending, and start working to restore stability to the economy rather than trying to extract the maximum value from the working class.
It is amusing to me when Keynesians genuinely push for policies and government interventions that are exactly what you would call for if you were a double agent Austrian pretending to be a keynesian but trying to hasten the systemic collapse of the current system.
The oldest playbook in the game: get famous , “respected”, “public intellectuals” to normalise an absurd concept and prolong the fiat fraud.
Imagine thinking that having your purchasing power halved every 24 years (rule of 72 & 3%) or cut by about 94% over a long human lifetime was good and normal.
Lost their minds they have not (Yoda voice)
They support the common cantillionaire, not the common man.
Judge them not (Yoda voice)
They follow the incentives our ancestors laid out for them. Satoshi gave us the tool to free ourselves.
Suggesting to change the inflation target is admitting it is completely arbitrary
That's when you know you're screwed. Because it will of course need to be a higher number than what they are now supporting
Paul seems devoid of love for his fellow man. A life, wasted on the pursuit of personal gain at the expense of others.
Someone might suggest to increase the sentence for these fiat criminals and their families by an arbitrary percentage each year.
They are so bad at that they job that they screwed up baked in 2% theft. All credibility lost…. This is the inevitable outcome of the fiat clown world. Next is will be now we need 4%. Will never end until they totally destroy the dollar.
A 3% average annual inflation will over 40 years have destroyed about 60% of the purchasing power of your savings.
nostr:note1kl5g52agzd6pnwdugppevc07acuxynsk2ky3r4hv0gqnsz2r6c0sjn42jg
it took bitcoin only two years to destroy your purchasing power by 60%
60% in 40 years is mild compared to that
And on today's episode of "How it's made" we will dive deep on how toilet paper is actually made!
Per nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp ‘s tweet, purchasing power will be halved in 23 yrs instead of 34! How lovely!
Now you can lose half your stuff 11.5 years sooner
Fiat economists:
They print money what did you expect
We knew this was coming
The real rate is probably 10-20% for most people, and the official rate is a carefully crafted lie. There is no path but printing because of the national debt, and the feds will bail out the bankrupt blue states like Illinois, so the real debt is in the hundreds of trillions already from the unfunded mandates. If it isnt tools, ammo, or Bitcoin, I dont want it.
Fiat loss spirals down,
Common man bears the steep cost,
Sanity is lost.
#haiku
The numbers are already fudged. What they're saying with 3% is the fudging isn't strong enough. Stay humble and stack sats.
People are people. They are comfortable and human nature dictates. Regular people need to prepare in advance, and adapt to circumstances, which sometimes requires discomfort. One can opt out of as many systems as possible, with tools like bitcoin.
Fiat economists genuinely believe they are good people trying to do good. But...if you give a monkey a shotgun, and then they shoot you with it...you don't blame the monkey...
