Comments by "Harry Mills" (@harrymills2770) on "Joe Rogan Experience #2265 - Kurt Metzger" video.

  1. Yes. You're never voting for the president. You're voting for the president's team. No president can get into the weeds of everything the federal government does. He has to delegate authority and trust his top people. This was one of the ways Trump went wrong in his 1st go-round. He trusted people he shouldn't have trusted. Treasury Dept looks like it could be a problem. As far as "trash (crypto) coins" are concerned, they're no worse than the fiat currency issued by the federal government. One of the biggest factors in a sound currency or coinage is the faith the people have in its value. Inflation, bad as it is, routinely lags behind the actual value of the dollar, because it takes time for everyday people to realize. It takes time for inflationary policies to catch up to actual inflation on the street. Fiat currency is very much like the fable of Stone Soup, which probably pre-dates the Biblical tale of the "Loaves and the fish," wherein Jesus supposedly turned 3 loaves and 2 fish into a meal for a multitude. I think they're saying something about the faith of the people in a thing. If everybody BELIEVES there's really something to that pot of boiling water the grifter just threw a rock into and started smacking his lips over, then everybody wants a taste. If the cost of a taste is their participation - a carrot from one guy, a potato from another guy, and so on - then in the end, you get a great big pot of tasty stew! Their BELIEF made it so. In my opinion, that's what the loaves and the fishes was. People were hungry, but everybody shared some of what they had, and the result was everybody getting fed. This phenomenon has propped up Keynesian economics for close to a century. Just pump money into the economy and good things seem to happen. But I don't believe it for a minute. Eventually, the overabundance of money makes a guy charge more - because he CAN - and everybody else joins in, and a loaf of bread goes from a nickel to a dollar to 2 dollars, and so on. Who really benefits from this? Rich people who can inflation-proof their assets and the government that wants to do all manner of things without the actual means to do any of those things. Who suffers? People who live their lives morally and prudently, by working hard and saving money. Who suffers the most? Old people whose live savings and preparations for their retirement go up in smoke, unless they're rich enough to invest in things that keep up with or out-pace inflation.
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