In the recent past, productivity mitigated the effect of the printing press. Once productivity fell the effects of inflation is felt. Government in control of currency is a dangerous thing. It was not always so. Great exposition.
You're absolutely right about crypto being a tool to absorb fiat inflation. It's such a shame since so many people who were worried about inflation saw crypto as a way out. One sort of exception might be cryptocurrencies that are linked to some actual useful service like LBRY token, maybe.
In the recent past, productivity mitigated the effect of the printing press. Once productivity fell the effects of inflation is felt. Government in control of currency is a dangerous thing. It was not always so. Great exposition.
You are an incredibly talented writer.
Build your ark! Thank you, Megha.
Great analysis. You possess a firm up-to-date grasp of economics that most self-proclaimed “experts” could never hope to achieve.
You're absolutely right about crypto being a tool to absorb fiat inflation. It's such a shame since so many people who were worried about inflation saw crypto as a way out. One sort of exception might be cryptocurrencies that are linked to some actual useful service like LBRY token, maybe.
What happened to margaritas manuscript? I was a megha fan!