Quantum Solace of Finance
The ACID Capitalist Podcast
00:00
The Opposite of Pinnacle
Inflation is a monetary phenomenon, and there's not enough money. You need money to be expanding in order to have the lubricant to support that additional 10, 15, 20%. That's not happening. We know it's not happening because discretionary goods and services people are cutting back on that. This is why things are breaking. Rates are punishingly high. I'd say the heights of absurdity but things break.
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