@mcchiperson77 Me and you are on the same page. They don’t need interest rates at zero, they’re happy to let inflation be a bit toppy, as long as the economy is growing, the debt shrinks. Then they’re free to do the dollar to stablecoins flow you’ve rightly said.
@mcchiperson77 ZIRP won’t happen. Inflation will stay low to mid in US. The shadow printing and various global issues as they arise will keep inflation high but the growth from AI will subdue it to reasonable levels. Rates will stay around where they are now. The shadow printing is thereal deal
@mcchiperson77@markgoodw_in My view is kind of born out of something Kevin Warsh said in that same interview. The current system will see another massive black swan, with Bitcoin rising like a phoenix from the ashes, gaining massive traction and the average person will start to view it very differently.
@mcchiperson77@markgoodw_in Jeez, yeah I didn’t actually realise the CAGR was that low! Yep, it should definitely be more than that. Agreed with the hard cap/economics of it. 20% sounds reasonable to me also.
@mcchiperson77@markgoodw_in This is my immediate thoughts. Although, I then consoled myself with a similar thought to what you had…. how the value has accrued to property for the last 40-50 years. Would I be happy with those kind of returns? Yes. But yes, velocity of those gains will not be parabolic.
@mcchiperson77@markgoodw_in Yes, I totally got the same. I’ve watched that interview several times to really try and understand the man and get a feel on how to read him and potential future policy.