In a recent conversation with Bloomberg, Jim Grant offered a compelling critique of the Federal Reserve's current posture, which appears to echo a premature declaration of "mission accomplished."
All of this should be a reminder that one of the Fed's mandates is "price stability" and that their idea of price stability is a perpetually low (soon to be not as low) level of price inflation.
In the midst of all of the bank failures and the ensuing chaotic scramble by governments and central banks bitcoin has performed like a true risk-off asset.
Bear markets are a great time to get back to basics.
I am in no way predicting that we will see hyperinflation in the near-term.
Luckily, bitcoin fixes this.
