re: Do experts on the money board agree with what the feds did today?

They can cut whatever they want, but real rates are market based.

There is so much debt that I’m amazed it has not collapsed yet. I don’t understand crypto, but I get why extra-governmental currency may be a good asset going forward. All governments monetize debt by printing more and more paper money. Inflation is the cruelest tax unless you are hard asset rich.

A billionaire does not care about prices going up 25%. He’s holding precious metals, fine art, raw land, stocks, minerals, and oil.

A working stiff pays full freight on inflation tax. Sadly many people think the government can create wealth for the masses if they just take more from upper 10% of earners to make the sun cool down or heat up more”sustainably.”