Not quite. The Fed doesn’t independently “print money” to raise prices. More accurately: the government runs large deficits → issues Treasuries → the Fed monetizes a big chunk of that debt (especially via QE). That’s what expanded the money supply 2020–22. Fiscal first, monetary accommodation second.
The Fed is powerful ... but it can't do anything about higher auto insurance, higher home insurance, higher health insurance, higher electricity costs and a bunch of other things.
A global health crisis + a change in how & where we live + a few trillion in stimulus + a war around energy outweighs even a hefty Fed.
Unless the economy tanks - and thankfully it doesn't look like it will - prices aren't going to come down.
I'm sorry.
Signs of a Decaying Empire
- National debt out of control
- Unaffordable interest payments
- Foreigners invading
- Military over extended
- Public infrastructure in decay
- Politicians looting the system as it fails
Just a quick reminder that they arrested this guy for paddleboarding alone in the ocean during Covid while Anthony Fauci had dinner with Jake Tapper and his wife in DC and Gavin Newsome hosted a party with friends in California.
@jamiedupree Our “representatives” have told us loud and clear that they don’t give two shits about the multi-generational debt they’ve left us.
This isn’t a partisan issue. BOTH parties have royally screwed us.
Yes, back to round 2022 / pre-2023 (before the Ordinals/inscriptions wave that took off in early 2023).
BIP-110 (also called the Reduced Data Temporary Softfork / RDTS, originally circulated as BIP-444) is a temporary 1yr soft fork proposal that would impose tighter consensus limits on arbitrary/non-monetary data in transactions. This includes capping most new outputs at 34 bytes, restoring an 83-byte OP_RETURN limit, limiting data pushes/witness elements to 256 bytes, and restricting certain Taproot constructions and opcodes commonly used for inscriptions. You know, non-monetary Bitcoin things (otherwise known as Bitcoin spam). It's the CORE DEVs that have been blowing open the chain to allow non-monetary data to be stored on the Bitcoin chain for non-Bitcoin things.