grant on Nostr: Central banks are literally stealing our productivity gains. ...
Central banks are literally stealing our productivity gains.
quoting note1ull…weg8In the future, I think today's models around central banking are going to look silly. Tech makes things cheaper year after year but the mandate of central banks is to gradually make things more expensive.
It all fell into place gradually piece by piece, but if you didn't have the concept today and just proposed it "as is", it would sound extremely silly.