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ROLLUP: Tesla Sells Bitcoin | Minecraft NFT Ban | Polygon zkRollup | Genesis 3ac | Ethereum Merge
Bankless
The Only Solution Left Is to Inflate Them Away
Arthur hayes: Any country that not productive has to pay off its debt load by inflating it away. He says europe and japan, from an energy perspective, are in a bad place because they basically import all their energy from other countries. But the us. Has a lot of its own natural resources,. Its a net export, or particularly natural gas, is a strength. And so what powell will have to end up doing is going and buying bonds, buying japanese bonds, buying uro bonds, and effectively devaluing the dollar Relative to these currencies, making these currencies stronger. What that's going to do is massively inflate the balance sheet of the United States
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