TheGuySwann on Nostr: Except that it didn’t. It did not grow, it shifted currency to our biggest export ...
Except that it didn’t. It did not grow, it shifted currency to our biggest export and gutted domestic production. It literally shrank the real economy in exchange for importing massive amounts of cheap shit. But since the GDP is just an arbitrary number that goes up if you print money and politicians think consuming stuff is growth, they can make it appear that way.
The reality is the opposite. Printing money has robbed us of our stability, our production capacity, our competence and skills, and our savings. We are vastly worse off because of it.
Published at
2025-02-11 20:10:46Event JSON
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