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Replying to Avatar Jeff Booth

It’s probably worth noting all of excess in US government spending that needs to be cut, will create a dangerous feedback loop and likely deflationary spiral because all of those excess jobs are also spending, buying homes, eating out, traveling, spending on marketing etc. When they stop/slow down - and then require social assistance - debt as a % of gdp screams higher.

Ie - That expansion of government and regulation is a direct consequence of manipulated markets trying to stop the natural deflation in free markets but also an integral part of them - robbing more jobs from the free market, and misallocating capital everywhere.

In other words, it’s going to be messy!

The debt needs to come down first and that means money printing and much higher inflation.

Or as nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a memes so effectively “Nothing stops this train”

In either event - #Bitcoin is your lifeboat.

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matt 1y ago

I was wondering about that. The inefficiencies are a fairly safe way of expanding the balance sheet

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