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My holiday was essentially a junk food buffet, and listening to my uncle explain to everyone how government spending doesn't cause inflation.
So... average?
Ha. Did you try to engage with your uncle? I can understand completely if the answer is no.
Here's what I think to myself - it's not actually the counterparty that I'm arguing with, that's the target. It's anyone else who's listening.
So if nobody else is listening, it's useless.
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I tried explaining how the central banks operate and how government debt is used as an asset to create even more debt, but I'm pretty sure he thinks I'm retarded or a conspiracy theorist.
I didn't put a whole lot of effort into it, he knows better because he gets his financial news from the source. Bloomberg...
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