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2023-01-23 02:04:09 UTC

brockm on Nostr: I'm am increasingly allergic to the knee-jerk reaction that *all* negative economic ...

I'm am increasingly allergic to the knee-jerk reaction that *all* negative economic news of all kinds is directly attributable to fiat money, and if there was no fiat money, we wouldn't have recessions, there never would have been a trade imbalance between the US and China, there'd never have been any inflation as a result of COVID, etc. This gets *pretty* motivated reason-y at a certain point.