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17 sats \ 1 reply \ @nerd2ninja 20 Feb \ parent \ on: Trump, Musk To Discuss Sending US Taxpayers $5,000 Checks Using DOGE Savings Politics_And_Law
So I don't know if you picked up on this or if you missed it. Yes its the same money supply, but the money velocity I would argue is going to look a lot different. Not everybody is bogged down with debt, but everybody is going to get this money and not everyone is bogged down with debt is going to use all of this money to pay off that debt (should, but won't)
This is why I'm arguing that while the money supply will stay the same, there will be a greater money velocity.
velocity
good distinction, and yes it'll look different... I used the expedition example because my truck outperformed Bitcoin after covid stimmies, lol
But you're still buying stuff FROM somebody, when you buy a car the dealer pays off their floor plan... which is debt
When you buy a deck, the builder has debt...
It all goes towards debt eventually in a debt based monetary system, to your point it might take extra hops (the builder and the car dealership)... but that's much different than supply inflation which is sticky and broad... I don't think we'll see beef or egg prices get worse for example.
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