"Why is 2% inflation important?" "Because if we tell people inflation will be 2%, it will be 2%."
Inflation is simply a form of tax—the most regressive one—that transfers wealth from the poor to the rich. Poor people are financially illiterate, so they don't notice it.
"The culture war is no longer peripheral: it is a form of capital war. This means the cost of capital isn’t determined by the risk-free rate, but the very risk it must take." Jeff Park
A while ago, I had an idea to create a bot that buys Bitcoin every time @PeterSchiff posts about it, but I realised that he does it so often that it would be just a regular DCA, and I already built a DCA bot.
