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Cake day: February 20th, 2025

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  • turnip@sh.itjust.workstoLemmy Shitpost@lemmy.worldControversial question
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    3 days ago

    Because the rich don’t affect much in our current monetary policy, its the velocity of money that matters rather than the quantity.

    If they start buying out every grocery store then prices rise, interest rates rise, and their asset prices fall.

    Its the central bank that debases your salary though, making it buy less and forcing a wall of debt to gatekeep your housing.





  • turnip@sh.itjust.worksOPtoBitcoin@lemmy.mlProject 2025 and Bitcoin
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    7 days ago

    Well its the loose money that causes Bitcoin prices to rise so astronomically. With a deep cut to the money printing I think we would see less price appreciation.

    It also brings us closer to what Bitcoin proponents criticize, the loosely goosey printing of new currency. Assuming it comes to fruition.


  • turnip@sh.itjust.workstoBitcoin@lemmy.mlThe bitcoin news cycle right now...
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    15 days ago

    Its a better gold, Bitcoin is anyways. In the 90s gold did poorly as a hangover from the double digit rates of the 80s and the recession that ensued, but since then its done 10% a year as every bailout gets larger and larger and QE is now a staple of central banks.

    Stocks can do well but are taxed pretty high, and things like tariffs can erode their performance. There is also no cap on competition outside of bureaucracy.