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npub1asyas
1w ago
I am not a Trumpist or a tariff or a statist, don't get me wrong, but this is a ridiculous tweet, a false cause and effect conclusion, a ridiculous correlation. The depressions of 1819, 1929 and 2020 were business cycles that occurred entirely as a result of fiat money and government monetary expansion i.e. quantitative easing. Fiat money is a ponzy, its bankruptcy is inevitable, and quantitative easing is just a technically cool name for counterfeiting that was invented for purely obscurantist motives. Wherever the money supply is increased, the economy collapses; an increase in the money supply is not an increase in wealth, but a misallocation of purely false indicators. If money deteriorates, people also deteriorate, and human memory shrinks.
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