Post
Topic
Board Economics
Merits 1 from 1 user
Re: Fed on brink of fifth(?) round of quantitative easing
by
o_e_l_e_o
on 25/03/2023, 08:23:44 UTC
⭐ Merited by coolcoinz (1)
maybe if the army stopped paying for peoples' college educations (and suvs and houses), they could make a small dent in this huge military spending budget.
That's the way it was designed. College and other tuition fees have been artificially inflated to extraordinary levels so for many people this is their only option if they want to go to college at all.

imagine if bitcoin was like that. satoshi could just turn on the printer and mint more bitcoin whenever he wanted. Grin who would agree to that?
Just imagine if someone shilled an altcoin with the properties of USD today:

  • Several trillion in circulation, but we don't actually know how much
  • Unlimited supply
  • Constantly printed at will, but new coins are exclusively given to the top 0.1% of holders
  • Lost >99% of its value since launch
  • Can be seized out of your accounts at any time

Somehow that's even worse than your average shitcoin scam!

And of course with Bitcoin it would be nearly impossible to print so much money to fund wars (well, unless you're Satoshi and you want to donate your 1m BTC stash).
Satoshi returning and moving any of their stash does not equate to new bitcoin being printed, though. We will never breach the limit of 21 million.

It's like they'll never stop printing.
Bingo. This is normal now. The latest balance sheet shows they've printed another $100 billion since I made this thread a few days ago.