TD₿: The Invisible Cost of War in the Age of Quantitative Easing by Alex Gladstein
TL;DR Modern accommodative policies are the key to governments' abilities to fund forever wars that go unchallenged by the public.
Hey Bitcoiners,
Personally, I never thought we would see another large-scale military invasion of a sovereign nation in the age of nuclear bombs. Perhaps I was being naive, but I thought the mutually assured destruction would prevent this sort of event from occurring.
This was in hindsight a wrong opinion to hold as Russia invaded Ukraine on February 24th, and now our world is drastically different than it was before.
War is a tragic subject to study for a variety of reasons, but one area that fascinates me is the connection between war and fiat currencies.
After all, the funding of war was the reason why fiat currencies were created in the first place. It’s much easier to pay for war when you can create more money out of thin air to do so.
It makes you think of the recent US conflicts in the Middle East and how they seemingly went on forever despite the exorbitant costs. Turns out it all comes back to the consequences of easy money.
Alex Gladstein did another one of his deep explorations into how the dollar and ultra-low interest rates are used to fund “forever wars” in the modern age (03/02/2022).
Once you see the connection between forever wars and accommodative central bank policies, you can’t unsee it.
Tick tock next block,
Cory Klippsten
Sign up for Swan and receive $10 in free bitcoin today.
Quote of the Day
“They got money for wars, but can’t feed the poor.” - 2Pac
Meme of the Day
