441 sats \ 2 replies \ @Rock 20 Dec 2022 \ on: What the heck is inflation? bitcoin
Great point about the quality of goods in CPI not being tracked, nobody ever talks about that.
Your summary seems to describe the current situation with US monetary policy pretty closely lol... Now the Fed is frantically trying to decrease the velocity of money via interest rates to curb "price inflation", which was really just devaluation of the currency, ridiculous.
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173 sats \ 1 reply \ @CarlBMenger OP 20 Dec 2022
And as you rightly pointed out, we are seeing it playing out in real time. Though, I'm really curious to see how much higher interest rates can go before the wave of debt washes over us.
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10 sats \ 0 replies \ @jase 21 Dec 2022
Too late debt spiral confirmed
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