Oddbean new post about login | logout nah there's always a handful other then the moonboys. what's the topic?
Just surprised nobody is mentioning rates or inflation. The US can't handle higher rates with this much debt, so that's kind of a big problem. Either rates have to come down, likely through a recession, or there could be very bad inflation. The macro situation is kinda messed up.
what if btc was used as a reserve and the usd was rebalanced to equal about 1 sat (given the price of btc being 1 mil usd and thus 1 sat = 1 cent)
I'm worried that inflation won't come down, and rates will go up. Inflation could get quite bad if that happens, but it's unlikely. I think what is more likely is taxes will go up, and there will be cuts to spending, which would allow rates to come down. It would also likely cause a recession, IMO.