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43 sats \ 12 replies \ @Satosora 2 Aug \ on: Rate Cuts:"What is it they're looking for?' econ
Even if they reduce interest rates, and inflation goes down... Will the companies that are fleecing us bring their prices down, too?
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20 sats \ 11 replies \ @siggy47 OP 2 Aug
I blame inflation squarely on the debasement of the currency. Sure, there might be some companies taking advantage of the situation, but the government is to blame. Also, even if inflation goes down, that just means prices will go up slower. They won't go down, unless we get deflation. Some people think that's possible, but I don't think so.
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215 sats \ 10 replies \ @Satosora 2 Aug
Yeah, I am not sure deflation is possible, but making inflation go down should be a priority. Can you imagine what it would be like if we were to deflate our currency? The power the USA would hold?
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20 sats \ 9 replies \ @siggy47 OP 2 Aug
How would the US pay it's debt then? That's why I don't think they will do everything possible to avoid it. The government needs inflation.
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43 sats \ 8 replies \ @Satosora 2 Aug
True. But if the government leveraged its strong currency, it could get out of the stupid situation it has put itself in.
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20 sats \ 7 replies \ @siggy47 OP 2 Aug
You know the cliche. Bitcoin fixes this.
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43 sats \ 6 replies \ @Satosora 2 Aug
This cliche, it is an interesting conundrum. Can you imagine if every country held bitcoin, what it would do to the currency? When do you think the seizures will start?
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20 sats \ 5 replies \ @siggy47 OP 2 Aug
Self custody
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43 sats \ 4 replies \ @Satosora 2 Aug
People did self custody with gold, too. Look what happened back then. Even with self custody, they have records.
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