adam on Nostr: The Fed was sold to the public as a stabilizing force, a backstop against deflation, ...
The Fed was sold to the public as a stabilizing force, a backstop against deflation, a lender of last resort.
What it actually built was a system where the people closest to the money printer win first and the people furthest away lose last.
This is the Cantillon effect, and it was always going to produce this outcome. Buy bitcoin.
Published at
2026-03-07 02:25:02 UTCEvent JSON
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"content": "The Fed was sold to the public as a stabilizing force, a backstop against deflation, a lender of last resort.\n\nWhat it actually built was a system where the people closest to the money printer win first and the people furthest away lose last.\n\nThis is the Cantillon effect, and it was always going to produce this outcome. Buy bitcoin.\n",
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