Seems like there are two bad options: either the fed raises interest rates enough to slow inflation, and debt service consumes a huge amount of national budget, or inflation really runs. It doesn't seem right that current inflation is very transitory.

Oct 23, 2021 · 6:23 PM UTC

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But I don't think the status quo can go on too much longer, and we have simultaneously forgotten what it's like to not have this much liquidity injected all the time and haven't yet come to grips with the size of the US debt.
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Replying to @sama
If the fed raises rates they will blow up the global financial markets. They are backed into a corner and inflation is the only way forward. Inflation being transitory is just a narrative to placate the masses while their purchasing power vanishes.
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Replying to @sama
I too listen to the all in podcast
Replying to @sama
Are you so sure it's 1972 and not 1946??
Replying to @sama
You should probably start a shitcoin. They will solve things.
Replying to @sama
And this is an excuse for you to produce and market dystopian tech guised as shitcoins
Replying to @sama
It seems like the government imposing fake interest rates on fake ‘money’ is the foundational problem, and the single solution is an ideal money that is not state-money and not VC-shill money; #bitcoin.
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