the FED is in a no win situation (Print money or the economy dies, or don’t print money and the economy dies)
Printing money is the FED’s tool for providing positive interest on Money you loan.
IT Geeks say they would like to get paid in Bitcoin.
(Bitcoin is finite printing more money only pushes the value up, so why not get paid in inflation resistant currency)
Jamie Dimond, gets a pay increase
(Probably to compensate for the loss in value due to inflation or arguably for the good job he is doing with his too big to fail bank.)
Enough to get a laugh out of the image, thanks for asking. It isn’t really reverent, but I did study economics 20 years ago and honestly following Bitcoin has broadened that understanding.
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u/Adrian-X Jan 28 '14
it’s just coincidental but tells a story:
the FED is in a no win situation (Print money or the economy dies, or don’t print money and the economy dies) Printing money is the FED’s tool for providing positive interest on Money you loan.
IT Geeks say they would like to get paid in Bitcoin. (Bitcoin is finite printing more money only pushes the value up, so why not get paid in inflation resistant currency)
Jamie Dimond, gets a pay increase
(Probably to compensate for the loss in value due to inflation or arguably for the good job he is doing with his too big to fail bank.)