I just took a quick look at the so-called Inflation Reduction Act and could find no part of it is reducing inflation; instead, it’s just printing money (AGAIN) and injecting more money into the market.
So when people believed inflation is taken care of by the Act, people will forget about the problem and continue to spend, and they will find more money to spend due to the 740 billion injected. Then later, people will find the inflation isn’t reduced but increased which will make them untrusting the government and their monetary system.
I think both money injection in short run and increasing doubt to government monetary policy in longer run will just encourage people to buy more Bitcoin.
Like this Act.
Submitted August 09, 2022 at 04:35PM by The_Estranger_0001 https://bit.ly/3diFpX9
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