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Globalism is a good thing
Free trade and free markets naturally do not know any borders. Any government intervention to stop global free trade is communist.
You're a filthy communist if you are against globalism.
Bitcoin is also global. It knows no borders, no goverment intervention and is impervious to communist interventions
Realist. You're the communist because you don't know history.
There's no such thing as free trade, borders are every bit as real as the walls of your parents basement.
The free trade nonsense is a misquote of Adam Smith, who was very anti what you would call free trade. He favored tariffs and retaliation as he recognized this, even supporting the Navigation Acts.
The free trade nonsense is a misquote of Adam Smith, who was very anti what you would call free trade. He favored tariffs and retaliation as he recognized this, even supporting the Navigation Acts.
lmfao. That's the most cope & seethe thing I have ever heard. Does the cognitive dissonance hurt little guy.
You're a communist. Your political opinions are incompatible with capitalism, liberterianism and Bitcoin. And that's okay: humans don't have to be consistent. What's not okay is that you're lying to yourself
It's fact not opinion. Adam Smith was pro tariff and the navigation act, sorry to jam your virtue signal.
The same globalist econ larps that have always been wrong will continue to be wrong, why I'm glad Bessent calls himself an economic historian and not an economist.
Before the fed and through national bank era, 3% interest rates were the norm, with spikes only during crisis and around crop harvest due to farmers needing credit.
Lower rates do not create supply, they lower interest expense. When the government is in deficit, its the interest expense that is quantitatively added to circulation, breaking gold peg etc. Deficit spending is what causes inflation, its another form of fiscal stimulus or QE. The same fiscal stimulus Bessent said is over, the same fiscal stimulus (QE) Warsh is well known to be against.
Growth is the natural deflationary pressure, so raising rates is a tool the globalists use to hamper industrial production once growth gets going, making those higher rates even more inflationary as productivity is constrained. No coincidence these econ thinkboi pieces are always de-industrialist rags.
Lyn Adlen may be the only talking head I've seen that somewhat understands this, ironically with a touch of T&EDS herself
What has been fiscal stimmies for all of our lives and certainly the life of Bitcoin is effectively over, with elasticity being handed over to the banks in the form of new SLR rules that tether supply creation to growth (therefore, not inflationary).