alanbwt on Nostr: A deflationary spiral would be far more painful than an inflationary one. Like it or ...

A deflationary spiral would be far more painful than an inflationary one. Like it or not, the most prudent action the Fed could take at this moment is to hyper inflate while ushering in Bitcoin as the new global reserve currency.

As is typical, however, the Fed will try to have its cake (maintain global reserve status) and eat it too (monetize the debt). They will fail in this. Bitcoin will succeed.