#PrintingMoney is like #alcoholism: at first, it feels great—easy cash and economic boost. But later, inflation hits and things go bad.
Stop printing, and you'll feel the pain—recession, tighter money supply—but in the long run, the economy stabilizes.
#MiltonFriedman nailed it: short-term fixes can cause long-term pain.
https://youtu.be/OeWlyRAjt6Q?si=J5QR4DKsURFug152
WBTM / WHAT BITCOIN TAUGHT ME ⚡️
npub1jap…zrsl
2024-06-15 07:41:42
Author Public Key
npub1japy2cjly7e9hgzcxnaqul6ppmyskrvww63dxsxvyfqsjg90yxmsvtzrslPublished at
2024-06-15 07:41:42Event JSON
{
"id": "e4bad723745e0e4be394d7e554e4e2228092390b30abcd74353ab7291184a986",
"pubkey": "974245625f27b25ba05834fa0e7f410ec90b0d8e76a2d340cc22410920af21b7",
"created_at": 1718430102,
"kind": 1,
"tags": [
[
"t",
"printingmoney"
],
[
"t",
"alcoholism"
],
[
"t",
"miltonfriedman"
],
[
"r",
"https://youtu.be/OeWlyRAjt6Q?si=J5QR4DKsURFug152"
]
],
"content": "#PrintingMoney is like #alcoholism: at first, it feels great—easy cash and economic boost. But later, inflation hits and things go bad. \n\nStop printing, and you'll feel the pain—recession, tighter money supply—but in the long run, the economy stabilizes. \n\n#MiltonFriedman nailed it: short-term fixes can cause long-term pain.\n\nhttps://youtu.be/OeWlyRAjt6Q?si=J5QR4DKsURFug152",
"sig": "b8ae748c6d26533cd0ff8ed740b168eb8c8f2d8b73742817c62b45da3bc069c57a9707c032ccf1d7ebc17dc55bd68a9630e1a28ec34ed21272c374b9a52780ab"
}