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The overlap of the people who complain about the Fed creating money is almost 1:1
Because inflation and deflation are exact opposites...
Inflation and deflation have very little to do with making new money. It's a measure of the cost of goods and services, each given a weight based on an estimated effect on purchasing. The largest thing effecting inflation right now specifically is companies increasing profits massively while providing less to the consumer, like groceries, rent, cars, etc. These companies make more and more money by increasing costs, hence the inflation.
“Because bullshit and reality are exact opposites.”
“Because a rando’s take on economics and actual economics are opposites.”
See how that works? I can keep going…
How does that, in any way, apply to the other commentors remark?
You replied with bullshit so I pointed out the fallaciously BS aspect of your reply.
What are you confused about?
How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?
How is it bullshit to point out that someone’s argument is bullshit?
Keep whining about fiat BS just as other have for nearly a century.
But but but they print money just like they did before I was born! But but but problems! Glen beck said gold! But but but!
Yes, that is exactly what I just asked you. Are you capable of answering the question, or is shadow-boxing the best you can do?
Sounds like we’re in a loop.
So let’s take it up a level.
You think printing money is the issue why?
Do you have a link for us to buy gold bars?
Sidebar: I hate Lemmy’s inbox and knowing what the hell happened
We're not in a loop, you just wanted to call what I said bullshit without understanding it. Once I explained it, you realized you were wrong, and are now trying to pivot.
I’m not wrong and you are offering “fisher-price-my-first-Econ”
You just keep trying to salvage shit despite me giving you an out. This is a loop stemming from a negatively ranked comment that started the thread. While you keep doubling down on shit
I clarified it for you:
Explain how that's bullshit. Or keep shadow-boxing. Up to you.
This is not worth it.
You’re asking me to explain why bitcoin supporters would support bitcoin?
I get it! You call the world a fiat printing bs machine. Im sorry im not directly refuting that. All in due time.
In the next five minutes are you okay with tostadas while the man dives from a cave? Why are you so upset?
And yet you keep engaging, despite not even being the person I replied to in the first place.
Of course not. Let me spell it out for you again:
The person I replied to tried to use bitcoin supporters complaining about the Fed creating money as a gotcha.
I explained how that doesn't land because:
Then you called it bullshit, but have been incapable of explaining why that is. Instead choosing to shadow-box with made up arguments.
So you’re saying that you do not prescribe to bitcoins approach?
You believe that it’s all bullshit and are not saying the whole world’s financial systems are about to topple on a whim?
So just shadow-boxing it is then. Carry on.
I mean the shadow is pretty clear. You offer no substance.