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avatar of @dagger212
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@dagger212
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I don't know. If the velocity of money is down to 1, then that seems to me to mean that people are paying their debts and not spending money they don't have. When did that get to be a bad thing? Corporations are hoarding their cash because the economy is so effed up they need to build a cushion. You are a big proponent of the fact that technology and innovation will lead to an age of abundance. I guess I can't wrap my brain around why it's a "good" thing for our government to keep putting our country further and further into debt. We are now at a point where we have to print money just to pay the interest. How can encouraging people to put themselves into debt be a good thing for anyone (other than the banks)? To me, inflation will be a byproduct of this. If less goods are being sold but their is more paper money out there, prices will rise because it will no longer be about supply and demand of the products. Rather it will be about an overabundant supply of the currency. I don't know. I'm with @shortsegments. It makes my head hurt and I'm glad I'm in crypto. lol

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