News for hackers. Stuff that matters.

A comment on The ballooning money supply may be the key to unlocking inflation in the U.S.. Parent comment

Re:The ballooning money supply may be the key to unlocking i... by qw3rty01 on Tuesday October 13, 2020 @02:33PM (#24768545)
Cryptocurrency is certainly not a good place to put savings, as its price is way too unstable to be a store of value. If you're unsure about the value of the USD, then traditional investments like gold would probably be a better choice. Like other comments mention, even though lots of money was created for economic stimulus, it's used in such a way that makes it deflationary long-term (as seen by the projected 0.62% inflation rate for this year and only 2.24% next year[1]).

[1] https://www.statista.com/statistics/244983/projected-inflati...

[ Parent | on HN ]
Re:The ballooning money supply may be the key to unlocking i... by mcfly1985 on Tuesday October 13, 2020 @06:26PM (#24771018)
> Cryptocurrency is certainly not a good place to put savings

Found the short-sighted sheep.

[ Parent | on HN ]