A look at how the people in power may have more in common with a jewel beetle than you’d initially expect and how bitcoin may have the answer.
In this article, we touch on:
● Why the government and the Federal Reserve are incentivized to expand the money supply and lower interest.
● The byproducts of monetary expansion and lower interest rates.
● What a world with a decentralized sound currency such as bitcoin will look like.
● Why our misinformed inflationary beliefs are hampering innovation, destroying our planet’s habitats, creating wealth inequality and increasing fragility within our economy.
Over the last 40 years, monetary policy has caused interest rates to decline from a high of around 20% down to the zero bound. During the same period, the US dollar (USD) money supply has expanded at a rate never before seen in modern history and asset prices in dollar terms exploded to the upside, all while the US average hourly wage has lagged on an unprecedented scale.
Ironically, the growing wealth gap, caused by lagging wages and rising asset prices, has occurred while the Federal Reserve (Fed) has been targeting a 2% inflation rate and pushing the narrative that…