Who would have thought that destroying real productivity, detonating supply chains, waging a war on reliable energy, printing trillions of dollars, and isolating workers in their homes for two years would have negative economic repercussions?
Well, perhaps, anyone who understands the basic laws of economics, which, admittedly, has become an increasingly shrinking contingent within the American halls of power.
While the modern “Public Health Experts” has exposed themselves as dangerous charlatans, the credentialed modern “economist” has yet to meet the same perceptive fate in the eyes of the general public. Given the current state of the American economy, however, it’s time to take a closer look at the conventional monetary wisdom in D.C. and on Wall Street.
Our current system of purposeful inflation through Fed and executive branch policy allows for even more wealth creation within elite circles, and it deprives those on the outside of the system from breaching the Wall St/Washington, D.C. monetary cartel.
To me, the calculation is rather simple.
Do you want your money controlled by The Federal Reserve, Janet Yellen, Mitch McConnell, Nancy Pelosi, and the like? Or, perhaps, consider the possibility that a free market, permissionless, censorship-resistant, sound money will become the superior monetary network in the long term.
Unlike the March 2020 flash crash, the Fed and Treasury don’t appear to have any tools left in their arsenals. There will be no printing our way out of this one. Welcome to the lockdown economy, brought to you by the American ruling class.
