10-24-2024, 07:45 PM
well of course this is a road to hyperinflation, as government paper debt spirals exponentially, but i wonder if perhaps the smart money isn't really seeing that as being as much of a problem as in the past. up until recent years, inflation in the us has been fairly linear, going into exponential only within the confines of the ever-booming stock market, and the wealth holders have learned to pin their assets to a fixed rate of return, rather than price or even P/E ratio. by this point most of the people who will accumulate significant retirement savings have it safely squirreled in 401k's, which will inflate along with the currency. so really all hyperinflation will do is create a sort of 'evaporating currency' for the paycheck-to-paycheck workers, who don't really hold the stuff that long right now, anyway. it will also move us down the road to cbdc, which can give dynamic re-basing of value, and towards ubi, where effective currency persistence becomes means-based. with an international lock on foreign competition interfering with local markets, implemented via treaty and force, there's no threat of external supply collapse. so win win. i mean, if you're evil.
I followed the Science, and all I found was the Money.
