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If that were to happen it’s common folk who get punished. The corporations and the Warren buffets of the world will just cut costs and raise prices. Cutting costs = layoffs. Common people just trying to make a way for themselves. While yes cutting off the printer will starve over leveraged businesses like McDonald’s but at what cost?? We are in a real quagmire
real interest rates that reflect the scarcity of capital would actually be normality. to get there, society will have to go through a painful period. but i don't see how we will recover if we want to overcome the fiat circus!
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I am hoping bitcoin can be that fiat release valve. I think this is why the fed wants to pivot people die when unemployment goes up. And hopefully they get this soft landing.
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