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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Wednesday, 30-Jun-2021 20:00:54 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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   • Economics of the US Economy
   Congressperson: The Federal Reserve is "Dogecoining the US dollar" https://decrypt.co/72818/federal-reserve-dogecoining-us-dollar-rep-davidson [decrypt co]
   
   #The_Fed #BTC #Bitcoin #Dogecoin #USDollar #cryptocurrency !econusa
   
   Obviously, there is a point where the combination of the Fed's policies and Congress's borrow-and-spend policies will trigger inflationary price increases. No one knows for certain where that point is, but the Fed's operative assumption is based on doubling the money supply in one year during the 2008-2011 recession without any perceptible impact on prices.
   • GeniusMusing (geniusmusing)'s status on Wednesday, 30-Jun-2021 20:31:32 UTC GeniusMusing

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     in reply to
     Related:
     The Looming Stagflationary Debt Crisis by Nouriel Roubini Project Syndicate
     https://nu.federati.net/url/281727
     
     >Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving major central banks in an impossible position.
     >...
     LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} repeated this.