OK. But you seem to think money grows on trees. The Fed is not doing anything other than delaying things and taking a shit on the USD. They certainly aren't making the problem smaller.
Post by twetch#1489
FIAT money grows on trees, and so does credit. Think that way, they would have to take a shit, they could choose to do that on the head of people and companies or on the currency.
What the chain says
- Block
- 635 515
- Time
- 2020-05-19T00:15:13Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS VerifiedReplies (6)
Shitting on the currency is shitting on everyone. Good businesses will fail too instead of just the ones that can't compete in a free market.
It is where the damage can be least. Not printing money would be a total disaster.
You drank the Kool Aid. Printing money is inflationary poison that doesn't discern between profitable and non-profitable businesses.
I think you drank it. I am just pragmatic. I don't like the cusrrent system but after the shit hit the vent that was the right thing to do. I am all for a better system. What happens is that credit gets out of control, no matter the money you use.