The Case Against Bitcoin’s Inflation Narrative


    What do Peter Schiff, gold bugs, the financial media and many bitcoiners have in common? It is the shared belief that “money printing” is to blame for many, if not all, of the increases in price that plague our economy. While it cannot be argued that prices are increasing in certain areas such as in housing, stocks, bonds and lumber (albeit temporarily), I believe the source of those price increases comes from a different place than what most people tend to assume.

    Over the past few months, I have been collecting information related to the topic of inflation and would like to use this opportunity to share my findings with the Bitcoin audience in particular. We will use this missive to try and identify the types of things one would expect to see in both inflationary as well as disinflationary/deflationary environments. We will also try to uncover some of the culprits that are most responsible for the increase in asset and consumer prices post–Global Financial Crisis (GFC).



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