"No Job Seekers": How Trillions In Stimulus Sparked A Historic Job Market Crisis - "I’d rather get $300 a week & stay home, than go to work to earn $500." Biden is turning America into China's fat lazy bitch. Another part of the New Normal! Contrast with Trump running to be the "JOBS PRESIDENT"!
(www.zerohedge.com)
🛑 Corrupt Commies 🛑
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300 a week that is declining in value every day.
They can't keep creating trillions of dollars out of thin air if they're hoping to compete with cryptos that have a cap. There's really no competition in the long run.
Btw, the crypto cap is actually a bad thing in the long run. That means it's deflationary, and is part of the reason transaction fees are so high. Deflationary currencies are guaranteed to go up, so people horde them for investment purposes, which causes low liquidity, and high cost from the resulting low volume.
But is it really low volume if cryptos are infinitely divisible? 1BTC is $60k, but most transactions are fractions of a btc. Much smaller divisions than we see with physical currencies.
That's a good point, and I'm not sure. I suspect it would only because those fractional divisions still make your share more valuable, as the fractions get smaller and smaller, so you have no incentive to spend them. But, I admit I don't know if that's the correct answer as there could be other forces in effect.
You act like these idiots understand inflation when some are out there driving alone in their vehicle with a mask on. We're fucked