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The idea that government money printing can save us from a crisis is like asking an arsonist to put out the fire he started.

The idea that government money printing can save us from a crisis is like asking an arsonist to put out the fire he started.



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8 Comments

  1. I agree that money printing cannot “save” us.

    But this is not a correct comparison

    The flaw is that it assumes government started the problem.

    Government = firefighters in the arsony comparison.

    The “arsonist” in this case is the capitalist and the political right. They keep lighting everything on fire, and instead of dealing with the arsonists, the government / firefighters keep rushing to try and put out fires. The arsonists can start more fires than the firefighters can put out.

  2. tldr; The average life expectancy worldwide is over 70 years, which means that, on average, each of us will see around seven major financial downturns during our lifetimes. The 20th and 21st centuries have seen a host of economic downturns, so much so that economists and analysts have baked into their financial models the expectation that a major slump will happen around every ten years.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Honestly it’s gotten pretty funny seeing these gurus on YouTube making up excuses, “BTC is down because it’s a Fibonacci fart face full harvest moon cycle which is being impaired by quantum menstruation and multiplied exponentially by the square root of the number of times rain falls in Kathmandu.” There is no next BTC you fools. There is the one and only. Don’t be a Boy George or a RuPaul aka Raoul Pal. Don’t do it. Don’t be a buttmonkey for the VCs and Chamaths of the world.

What do you think?

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