MintPattern
And then end up like Venezuela has after implementing price controls? How about you let intelligent macroeconomics majors who have spent years in college studying exactly the ideal solution to this predicament give thoughtful and effective solutions. I understand the writer was likely good intentioned, but:
1) The road to hell is paved with good intentions.
2) For every complex problem there is an answer that is clear, simple, and wrong.
While some liberal arts majors have their own theories and hunches to inject on how our world economy should run, a well-studied economist would give the best answer for providing a solution that establishes the perfect price-point between satisfying as much of the medical demand as possible while having a never-extinguished supply of medical care.
A little history: During the great depression, the US implemented price controls on wages; capping the wages. So companies started adding in health coverage in with the job as a perk instead. The great depression was extended and the health insurance in our country has been forever screwed up by that event.
Btw, I'm not pro government or anti-government, left or right. I'm pro-lets-get-the-facts-straight-before-we-jump-to-conclusions-that-affect-the-whole-country. Admitting that you don't know the answer to something goes a long ways.
With bitcoin, you’re investing in whomever the individual is on the other side of your trade. I hope some of these techies become rich enough to take government positions.
Why do the assets behind a company matter? In the event they go bankrupt and have a liquidation event, first their assets will go to loan-providers, then to bond-holders, then to private preferred stock holders, then finally if there are crumbs remaining, to public common stock holders.
Checking accounts (M1) have grown by (only) 8%/year over the past 2 years.
Savings accounts (M2) have grown by (only) 6%/year over the past 2 years.
Physical cash in circulation has grown by (only) 5%/year over the past 2 years.
Even if we value bitcoin today only by it's future 0% emission rate starting at around the year 2036, bitcoin shouldn't have been rising more than 7 or 8% per year relative to the US Dollar. Anymore is unlikely to be sustainable. Am I missing anything?
Citation: https://www.federalreserve.gov/releases/h6/current/default.h...