Understood, my intention was not to lecture, I just thought it was a casual discussion on economics but it was not taken that way. I read Milton Friedman's writings on monetary history back in college and I remembered some of the big hyperinflation events he talked about and thought they would be worth mentioning today as a case of how bad things could get. But without further money printing and lockdowns I don't see that happening immediately. One point I probably didn't make very well is that the government and the central banks seem to have off-setting agendas: Congress is pursuing deficit spending but the Fed is letting bonds mature and roll off which lowers the money supply.
Again this is intended for discussion not as a declaration of absolute truth as some university lecturer might do 😅
Prince Aleph
npub1xy…x8w7v
2024-11-04 14:55:05
in reply to nevent1q…qww8
Author Public Key
npub1xy60n57p02ugl743zfag2ljftxh4s0ufpzu0wsmhdvng7hj5c0vqvx8w7vPublished at
2024-11-04 14:55:05Event JSON
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"content": "Understood, my intention was not to lecture, I just thought it was a casual discussion on economics but it was not taken that way. I read Milton Friedman's writings on monetary history back in college and I remembered some of the big hyperinflation events he talked about and thought they would be worth mentioning today as a case of how bad things could get. But without further money printing and lockdowns I don't see that happening immediately. One point I probably didn't make very well is that the government and the central banks seem to have off-setting agendas: Congress is pursuing deficit spending but the Fed is letting bonds mature and roll off which lowers the money supply.\n\nAgain this is intended for discussion not as a declaration of absolute truth as some university lecturer might do 😅",
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