[david927]

I think the author needs to integrate into these arguments the Nixon Shock of 1971 and what’s happening with inflation in the US since 2008. There’s a reason the Dow just hit a record high and it’s not because the fundamentals of those firms are strong.

I’m not a Bitcoin holder but the correct finger pointing here is at monetary policy.

[ur-whale]

> the correct finger pointing here is at monetary policy.

At this point, even calling it "policy" is utter delusion: it would somehow implies the people who hold the wheel have a minimal clue about what the impact of their decisions ("Policies") will have for the mid to long term future of the economy.

They absolutely don't. They are driving without a map, only worrying about the next turn in the road.

We are raised to believe our leaders are at least vaguely competent.

At best: they aren't. At worst: their actual competence is centered around how much they can do for themselves.

[david927]

It’s really akin to doctors centuries ago who would bleed out patients. Their cure is worse than the disease.

[ffggvv]

i agree if you mean the unlimited liquidity and fiscal has pumped up asset speculation to historic proportions

i disagree if you mean people are somehow buying it as a hedge to the dollar

[david927]

Those are the same thing