True that this won't curb inflation. But no administration (republican or democrat) has meaningfully reduced the debt since Bill Clinton. Trump printed more money than any president in history while reducing receipts.

Instead of making it political though, let me ask a different question. Don't we all agree that the wealth gap is an issue that is only growing year after year? This is largely due to the cantillon effect. Public corporations are huge beneficiaries of the cantillon effect as they can get money for substantially cheaper than anyone else (see Michael Saylor and what he is doing by borrowing super cheap dollars and buying up valuable assets).

While I think many hate the word "wealth redistribution", it is also challenging to see, outside of abolishing the federal reserve and the ability to print currency (which I don't think will happen in my lifetime) another solution to our growing wealth gap issue.

That wealth gap is ultimately, in my opinion, the cause of so many of the other issues we have in modern society. We need to solve it or at least make it better. The super wealthy and the corporations (who own the politicians via their donations/lobbying) will never voluntarily solve this 'problem' that only affects them in a positive way.

So while Kamala's proposal will not solve inflation's root causes, I also don't have a problem with the Walton family growing their fortune by 27% this year instead of 28% because Walmart employees will not make an extra $0.50/hour. I know it isn't that black and white, but incremental change seems to be all we can ask for without some major revolution.

Is this political pandering? Largely, yes. So was Trump showing up to the bitcoin conference and honestly I couldn't understand half of his babbling. He clearly has no clue about bitcoin, seemed surprise by the words he was saying (likely never read the speech prior to giving it), and is just trying to get votes. But I'll take it. I'd rather him pander to us than not. But let's not hold politicians to a double standard. They are professional liars who say what they need to in order to get elected.

I was hopeful (and probably naive) 7 years ago when I first heard about bitcoin. I am still optimistic about the very long term effect it may have, but with the ETFs/options/etc... and more and more people holding paper representations of bitcoin (instead of their own keys) I'm not sure we will get rid of the root cause of the inflation/fiat money/cantillon problem in my lifetime.