For 30+ years low interest rates incentivized more & more debt — debt servicing costs were almost an afterthought.
“More debt isn’t a problem” was a common mantra.
Oops…sh*t got really expensive really quick.
Over time, inhibiting deflation is inflationary.
Fiat enabled anti-deflationary monetary policies have compounded over decades and made today’s economy more fragile than it’s been in 100 years.
Hedge the system.
#Bitcoin
If u encounter someone who doesn’t at least acknowledge #Bitcoin is an interesting & potentially significant technological development, 1 of 3 things is true:
1️⃣They don’t yet understand what it is.
2️⃣They don’t understand how money actually works.
3️⃣They’re just plain stupid.🤷♂️
