The Price Stability Mandate No Longer Applies

“However he hasn’t obtained something on,” just a little baby mentioned. – Hans Christian Andersen, The Emperor’s New Garments

The twenty first yr of the twenty first century was the second when central bankers’ masks got here off and the ugly reality was revealed: there isn’t a grasp plan, no professional steerage behind the fiat financial coverage. The one ambition is to kick the can down the highway for a minimum of a few extra years.

Financial coverage of perpetual inflation acts as an inadvertent advertising and marketing for Bitcoin, as increasingly individuals search for a lifeboat for his or her buying energy.

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