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sean 🔹 pfp
sean 🔹
@swabbie.eth
your regular reminder that markets and inflation were much more volatile under the gold standard than under the Fed, which is why there were frequent recessions, banking panics, and other financial crises under the gold standard. the future of money is something better than both, because they both are shitty for different reasons.
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Ashish pfp
Ashish
@iashish.eth
Awesome as usual. Do you do meme coins ?
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Hogan Prison no 619  pfp
Hogan Prison no 619
@hoganthereformed
Swabbie what do you do in web 3?
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Zeph 🎩
@zeph
What should a future monetary system look like?
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boscolo.eth pfp
boscolo.eth
@boscolo.eth
There is an enormous psychological impact on society when controlling the money supply that I didn't truly grasp until I got into crypto. By adding/removing dollars into circulation the fed can keep the value of one dollar mostly stable relative to the GDP. Even if the GDP doubled in a year due to some industry booming, my Starbucks latte still costs about $5. This is very powerful.
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