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101 sats \ 0 replies \ @TheBTCManual 17 Oct 2023 \ on: for the US, what would a “soft landing” look like? meta
Yes a continued devaluation of the currency, despite how many people complain about the prices of goods and services, humans are remarkable at adapting and getting used to price changes
The dollars purchasing power will be sacrificed and people will adjust, yes some get wiped out, fall below the poverty line as the changes occur but there will always be some new program created to try and stem anger and uprisings
What the dollar has to is advantage is outside demand, so even if they create more dollars at crazy rates, theres an entire globe of people who want to get out of their currency and into dollars and would be more than willing to take dollar depreciation versus local, providing a kind of a floor for it in the medium term
Short answer is soft landing for some, hard landing for most