jleger2023 on Nostr: All that "demand destruction" the Fed's been doing over the last 4 months supposedly ...
All that "demand destruction" the Fed's been doing over the last 4 months supposedly because their #1 goal is to reduce inflation? They just undid half of that to bail banks out with $300 billion in the last week.
So when it destroys the common person's job and means of living, "we have to fight inflation", but when banks make bad investment decisions and have to be bailed out, "fuck inflation, save the banks."
This is why we #Bitcoin.
—
Developing
https://nostrgram.co/ #Bitcoin
Published at
2023-03-17 00:53:09Event JSON
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"content": "All that \"demand destruction\" the Fed's been doing over the last 4 months supposedly because their #1 goal is to reduce inflation? They just undid half of that to bail banks out with $300 billion in the last week.\n\nSo when it destroys the common person's job and means of living, \"we have to fight inflation\", but when banks make bad investment decisions and have to be bailed out, \"fuck inflation, save the banks.\"\n\nThis is why we #Bitcoin.\n\nhttps://media.nostrgram.co/i/a4/media_a4db4bd9b3146.jpg\n—\nDeveloping https://nostrgram.co/ #Bitcoin",
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