21 sats \ 4 replies \ @kr 13 Jun 2022 \ parent \ on: Where do we go from here? bitcoin
Do you think the next wave of money printing will go directly to consumers? Not sure that it had the impact governments thought it would have when they did it in 2020.
I don't know about the next wave but if you look at historical accounts of reserve currency collapse, all kinds of debt is forgiven and wealth has to be redistributed to offset cantillion effects.
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It feels like the talk about forgiving student loans in America is a step in that direction, but I wonder if that's enough to meaningfully alter the economy or purchasing power of Americans.
Total outstanding student loan debt is only $1.7 trillion today, far more was printed in just the last two years alone. Maybe mortgages next?
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as someone still working on paying off 300k+ in student loans the idea of loan forgiveness with zero regard to root cause is so asinine as we'll be back in the same place in a few years with new borrowers carrying even higher debt loads.
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Mortgages would be an interesting debt to forgive. It would go over great with the "voting class."
I'd expect more airdrops too.
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