Technology
Ten31 Timestamp 815,266
We fully expect the excesses and fragilities of late-stage fiat to compound further over the coming decade.
We fully expect the excesses and fragilities of late-stage fiat to compound further over the coming decade.
The market needs a monetary system whose cost of capital is determined by that market at any given point in time and not a small group of men in boardrooms at the member Federal Reserve banks.
In short, the productive economy was whipsawed during the boom-bust, and now in the recession it's starved.
With runaway debt, massive amounts of unrealized losses on the balance sheets of banks, and sticky inflation it hasn't impossible to think that we are well on the way toward a hyperinflationary event in the US.
The inflation-is-prosperity fallacy has been internalized by the ruling class.
All of this should be a reminder that one of the Fed's mandates is "price stability" and that their idea of price stability is a perpetually low (soon to be not as low) level of price inflation.
