Replying to Avatar Wealth Theory

The Fed has lost control of inflation. They will be forced to ease again into an inflationary environment to *hopefully* avoid mass defaults.

This has been the Bitcoin thesis since the genesis block. You can’t taper a ponzi and you can’t make the money good again.
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HashTrash4Cash 2y ago

So honestly this may be correct, but FIRST I think the Fed will try bailouts and “not-QE” while keeping rates high-ish.

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Michael 2y ago

but the rates themselves aren't the main thing that matters; they were just a short for "easy money flowing into the system". If the let it flow but keep the rates up as a facade, that doesn't change the easy money and hence plays into the bitcoin thesis...

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HashTrash4Cash 2y ago

I do not disagree that it still plays into the BTC thesis. I do think it is different for the general economy though. Bailouts and QE are still more selective than ZIRP. ZIRP finds it’s way into every nook and cranny.