It’s the debasement trade. Going off the gold standard in the early 70s started the eventual snowball of the USD currency collapse and the last few years has picked up steam.
No political party will ever choose to fiscal prudence when they can just print print print. This is why Bitcoin exists.
I hear this from time to time, and yet for 55 years, having decoupled from gold, untold wealth has been generated. It is as though the economy is not zero-sum.
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It’s the debasement trade. Going off the gold standard in the early 70s started the eventual snowball of the USD currency collapse and the last few years has picked up steam.
No political party will ever choose to fiscal prudence when they can just print print print. This is why Bitcoin exists.
I hear this from time to time, and yet for 55 years, having decoupled from gold, untold wealth has been generated. It is as though the economy is not zero-sum.