DEUTSCHE declares warning

The economy has MANY factors that impact the "health" of the nation....they r all converging and the
CRYPTO currency craze is NOT helping the stability of economic picture.

homeagain wrote: The economy has MANY factors that impact the "health" of the nation....they r all converging and the
CRYPTO currency craze is NOT helping the stability of economic picture.

In your opinion. But maybe seeing Americans investing in crypto currency will convince Congress to limit deficit spending and keep inflation low. Or would you rather see America ban crypto currency? And jail people who use it?

I would rather see a cohesive plan for regulating the "risky" rise of this "new"financial folly.

WSJ had a piece this weekend about how most Americans (those born after 81) have never seen aggressive inflation. It will be interesting to see how they react to continuing price hikes.

FredHayek wrote: WSJ had a piece this weekend about how most Americans (those born after 81) have never seen aggressive inflation. It will be interesting to see how they react to continuing price hikes.

Good point. I think everyone here remembers the Carter disaster. The solution from the Biden administration will be to increase the min wage and then raise taxes... give you more then take it away. "Oh Rick, they won't raise taxes on the poor and middle class, only on businesses and the rich". Ah yes, but we know that those taxes always get passed down to the consumers, all of them.

El Salvador is accepting Bitcoin as a legal currency. It will be interesting to see.