Inflation and deflation have very little to do with making new money. It’s a measure of the cost of goods and services, each given a weight based on an estimated effect on purchasing. The largest thing effecting inflation right now specifically is companies increasing profits massively while providing less to the consumer, like groceries, rent, cars, etc. These companies make more and more money by increasing costs, hence the inflation.
How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?
It does compute if you realize the buyers were probably foreign governments and businesses. If Trump suddenly gets a $3M check from someone that might raise eyebrows, leak to press, get picked up by law enforcement. Trump makes $3M in sales of an imaginary thing online - well that’s just business.
He’s the king of the quick cash injection. He’s that last little turd that won’t flush, no matter how many frauds and bankruptcies and treasons and sexual assaults he’s perpetrated and I Do Not Understand.
Their Industry is investement-banking if we’re honest
It will never die. Bitcoin will, because it will be killed by the Industry itself since Bitcoins are inherently worthless since they aren’t backed up by anything.
That’d be the cherry on top
An industry that utilises real resources and to make… nothing?
The overlap of the people who complain about the Fed creating money is almost 1:1
Because inflation and deflation are exact opposites…
Inflation and deflation have very little to do with making new money. It’s a measure of the cost of goods and services, each given a weight based on an estimated effect on purchasing. The largest thing effecting inflation right now specifically is companies increasing profits massively while providing less to the consumer, like groceries, rent, cars, etc. These companies make more and more money by increasing costs, hence the inflation.
“Because bullshit and reality are exact opposites.”
“Because a rando’s take on economics and actual economics are opposites.”
See how that works? I can keep going…
How does that, in any way, apply to the other commentors remark?
You replied with bullshit so I pointed out the fallaciously BS aspect of your reply.
What are you confused about?
How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?
How is it bullshit to point out that someone’s argument is bullshit?
Keep whining about fiat BS just as other have for nearly a century.
But but but they print money just like they did before I was born! But but but problems! Glen beck said gold! But but but!
Monkey pictures
People pay money for these.
I read somewhere that he made a few million on them. It blew me away. It does not compute.
It does compute if you realize the buyers were probably foreign governments and businesses. If Trump suddenly gets a $3M check from someone that might raise eyebrows, leak to press, get picked up by law enforcement. Trump makes $3M in sales of an imaginary thing online - well that’s just business.
Okay, that does make more sense.
He’s the king of the quick cash injection. He’s that last little turd that won’t flush, no matter how many frauds and bankruptcies and treasons and sexual assaults he’s perpetrated and I Do Not Understand.
No they don’t, shady foreign influencers just launder their payments through this crap.
Mostly I’m a market socialist kind of guy, but some markets need to send the customers straight to the reeducation camps.
Marketing? Advertising?
Their Industry is investement-banking if we’re honest
It will never die. Bitcoin will, because it will be killed by the Industry itself since Bitcoins are inherently worthless since they aren’t backed up by anything.