Re:The Bit Short: Inside Crypto’s Doomsday Machine
by tim333 on Saturday January 16, 2021 @11:07AM
(#25803093)
>their goal is to keep things stable
But they've only got a few levers and there are a lot of things. The priority is to keep the real economy ticking along and retail inflation reasonable but if people are not spending much on things some of the easy money ends up going into financial assets which is one reason we have record stock and crypto prices. It's an unwanted side effect.
But they've only got a few levers and there are a lot of things. The priority is to keep the real economy ticking along and retail inflation reasonable but if people are not spending much on things some of the easy money ends up going into financial assets which is one reason we have record stock and crypto prices. It's an unwanted side effect.