Finally getting around to reading The #Bitcoin Standard. The author talks about the stock to flow ratio of currency. Got me thinking about all the money the US sends overseas. Does sending it out of the country reduce the flow side of the equation in the short term? Or at least delay the effects of it? Wondering if this is part of why we keep sending money to Ukraine and other places.
#grownostr #TSPC #MSB
Because the USD is the world reserve currency the US has been able to inflate the USD supply covertly much easier and longer as they are able to export their currency inflation to the rest of the world rather than just within their borders.
This is the only reason the Fed and US govt gets much more time before the currency noticeably inflates or hyper inflates. Not that it’s not going to happen, it will.
There are obviously many other nuances involved with sovereign debt, treasuries, etc. So this is a simplified response.
The same mechanisms of inflation are still involved, so eventually the hens will come home to roost when it comes to currency debasement. #bitcoin wins in the end.
