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Craig *******
This is a summary of
Craig *******
's contributions to the platform. They have posed 13 questions and added 365 comments.

QUESTIONS

COMMENTS

Craig ********
@Mart *****
yes i have an agent telling me she can do the in-country with no proof of funds.
Craig ********
here is a chart of the money supply of US dollars over time since the 1960. Increasing interest rates increase demand for dollars, but do not affect the supply of dollars.
Craig ********
there is a difference between demand for dollars and the supply of dollars.
Craig ********
demand for dollars rises but it does not become more scarce.
Craig ********
it seems crazy that people spend their lives with money as a major component... working 40 hours a week, the majority of their lives, to make it. Spend it, save it, marriages end because of it.... yet people have no bloody idea what it even is and they certainly don't understand how it works.
Craig ********
@Danny ******
indeed.... here is a brain twister i like to ask my friends:

Define "money".

it's rare to even get an answer... usually i just get a stupid look. Other times they try to be cute and say something like "the root of all evil" which is just some cliche they heard but don't understand. And I can related. Until I found bitcoin I could not have given a good answer either. But studying bitcoin led me to study economics. Now I have a pretty good idea of what money is and how it works.
Craig ********
Fair enough, but I do not consider M1 to be an honest look at the money supply.

But we agree that it's significant amounts of printing and the cause of inflation
Craig ********
@Bonnie ********
The only brainwashing going on here is the fact that you've been taught to hate your country and hate free markets. You know what the opposite of free markets is? No, you probably don't.
Craig ********
@Brett **********
this is absolutely incorrect. here you can see M2 supply increase since march 2020 (covid) Also by percentage japan, EU, and BoE have all printed more. China undoubtedly printed more but they do not publish that data so we don't really know.