You've likely been fed the narrative that inflation stimulates spending, benefits the economy, and that government expenditures have a profound 'multiplier effect.' This is often accompanied by an oversimplified explanation of how a money printer somehow magically boosts economic activity. These claims are just a few of the many justifications tied to the inevitable consequences of counterfeiting by government. However, the truth is that inflation has a singular, fundamental effect that's surprisingly straightforward to grasp. Beneath the surface, all the touted benefits of inflation crumble, revealing a far more insidious reality. It's time to cut through the noise and set the record straight, which is why I think it's time for a Guy's Take episode.
Links to check out
- The Only Model You'll Ever Need... The Give A Shit Matrix (Link: https://tinyurl.com/yc8w5m47)
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- Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
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— Fran Lebowitz