Can't upvote this enough! Inflation occurs because Governments endlessly print money into worthless obvilion (anyone for rolling a wheelbarrow of FIAT currency into a supermarket in Zimbabwe or Venezuela to do your weekly grocery shopping? No? Didn't think so!).
Governments are printing it endlessly because they can. FIAT currencies are no longer attached to anything of real, tangible, intrinsic value (such as precious metals like gold and silver). So, they just print more when they feel like they need to; to try and paper over cracks in a country's economy. But that only works for so long until the value of the money is so worthless that you have the above mentioned wheelbarrow scenario. This kind of economics is not sustainable.
Like others, I believe in having some other/alternative stores of wealth such as cryptos' (until the IRS completely erodes them! Or, picking the best ones that are more private and storing wealth there), gold/silver, and even tangible assets like property because they actually have a use/life necessity (roof over one's head!).
Crypto is definitely what we need and where we're headed. But a more solid grasp of fiat currency - as well as the forces that need fiat currency for (attempted but ultimately futile) financial manipulation - makes for a more balanced conversation, as well as insight into the forces opposing crypto.
Gold was abused by ancient sovereigns in much the same way as today's fiat currency.
Fiscal and monetary policy - they heart of current economic policy of all central banks and governments - would be would relegated to the ash-bin of history.
Countries that lost control of their currencies have, historically, lost control of their economies.
But that's only consequential within a world that fractured in so many ways, including economically. Crypto is part of a greater move towards unity. Towards interconnectedness that transcends national boundaries. Or, perhaps, the disappearance of all walls of separation.
This has gotten kind of lengthy and there's so much more to say...maybe I'll turn into a post.
If by saying governments (printing) you mean central banks, yes, they are watering down their stock ( dollars, yen, euros)in an asymptotic way. They (the central banks)do it because they must, having made some large bets on the future expansion of the money supply. The 'people' do not need to worry about all that created money, they will never see any of it.
Can't upvote this enough! Inflation occurs because Governments endlessly print money into worthless obvilion (anyone for rolling a wheelbarrow of FIAT currency into a supermarket in Zimbabwe or Venezuela to do your weekly grocery shopping? No? Didn't think so!).
Governments are printing it endlessly because they can. FIAT currencies are no longer attached to anything of real, tangible, intrinsic value (such as precious metals like gold and silver). So, they just print more when they feel like they need to; to try and paper over cracks in a country's economy. But that only works for so long until the value of the money is so worthless that you have the above mentioned wheelbarrow scenario. This kind of economics is not sustainable.
Like others, I believe in having some other/alternative stores of wealth such as cryptos' (until the IRS completely erodes them! Or, picking the best ones that are more private and storing wealth there), gold/silver, and even tangible assets like property because they actually have a use/life necessity (roof over one's head!).
Crypto is definitely what we need and where we're headed. But a more solid grasp of fiat currency - as well as the forces that need fiat currency for (attempted but ultimately futile) financial manipulation - makes for a more balanced conversation, as well as insight into the forces opposing crypto.
Gold was abused by ancient sovereigns in much the same way as today's fiat currency.
Fiscal and monetary policy - they heart of current economic policy of all central banks and governments - would be would relegated to the ash-bin of history.
Countries that lost control of their currencies have, historically, lost control of their economies.
But that's only consequential within a world that fractured in so many ways, including economically. Crypto is part of a greater move towards unity. Towards interconnectedness that transcends national boundaries. Or, perhaps, the disappearance of all walls of separation.
This has gotten kind of lengthy and there's so much more to say...maybe I'll turn into a post.
If by saying governments (printing) you mean central banks, yes, they are watering down their stock ( dollars, yen, euros)in an asymptotic way. They (the central banks)do it because they must, having made some large bets on the future expansion of the money supply. The 'people' do not need to worry about all that created money, they will never see any of it.