When the Fed doles out billions, or trillions, of fiat currency, it has the immediate effect of helping the favored few cantillionaires who first receive it, directly or indirectly, plus all pre-existing financial asset owners, at the expense of everyone else.
When Chairman Powell says, “Inequality is… not related to monetary policy,” he may pass a lie detector test. That doesn’t mean it’s true.
-- an excerpt from the Stone Ridge 2020 Shareholder Letter, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/stone-ridge-2020-shareholder-letter
2minutebitcoin
npub1p6…9ej3v
2023-05-05 14:30:22
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-05 14:30:22Event JSON
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"content": "When the Fed doles out billions, or trillions, of fiat currency, it has the immediate effect of helping the favored few cantillionaires who first receive it, directly or indirectly, plus all pre-existing financial asset owners, at the expense of everyone else.\n\nWhen Chairman Powell says, “Inequality is… not related to monetary policy,” he may pass a lie detector test. That doesn’t mean it’s true.\n\n-- an excerpt from the Stone Ridge 2020 Shareholder Letter, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/stone-ridge-2020-shareholder-letter",
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}