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0 sats \ 1 reply \ @TomK 24 Jan 2023 \ on: The Importance of Pain and the Lack of it in QE bitcoin
Frictional reserve banking with a cb-backstop produced boom-bust-cycles with growing volatility that moves now on the streets and battlefields. Tough times ahead, pain comes roaring back hard.
That's a really salient point and we believe you are right, unfortunately.
Lack of economic growth is caused by mismanagement of the economy by our central parties. When the growth becomes too bad, one has to find it through other means. Historically this has always been war - there is no reason to think today is different.
But war need not be explicit like in the old days, at least to reap rewards from it...
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