What i hate about these simplistic inflation views is that they forget about the debt part of the story. Getting financing for even your house would be difficult and there for not achievable for most. You work would be more expensive for your employer. I am not saying people would be just sitting on their money but they would certainly spend less (might be fine). I am also not saying that current system is good. What would immediatelly help is more transparency by FED so they would not act like a secretive cabal. If you want to protect yourself from inflation you have enough tools today. Bitcoin is one (and imo the best).
Interest rate on credit card is huge and you cant borrow much. Imagine if you borrow $100k and real value of your debt debt increases 5% every year. Reg other tools: shares in companies or bonds issued by companies. That is a buy-in in participation on progress. Inflation (aka issuing state bonds with “printed” coupons) makes it just much easier to anchor economy and make it more predictable.
What i hate about these simplistic inflation views is that they forget about the debt part of the story. Getting financing for even your house would be difficult and there for not achievable for most. You work would be more expensive for your employer. I am not saying people would be just sitting on their money but they would certainly spend less (might be fine).
I am also not saying that current system is good. What would immediatelly help is more transparency by FED so they would not act like a secretive cabal.
If you want to protect yourself from inflation you have enough tools today. Bitcoin is one (and imo the best).
You can get financed for other things as well. Credit card isn't for that?
What other tools you know to protect your self against inflation ?
Interest rate on credit card is huge and you cant borrow much. Imagine if you borrow $100k and real value of your debt debt increases 5% every year.
Reg other tools: shares in companies or bonds issued by companies. That is a buy-in in participation on progress.
Inflation (aka issuing state bonds with “printed” coupons) makes it just much easier to anchor economy and make it more predictable.
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