I know this is a drive-by joke, but in fact speculative bubbles (crypto among them) were among the big drivers of last year's inflation hump. Production was still suppressed by the pandemic, lots of expenditures (travel, etc...) were likewise suppressed, yet bank account balances were still around and wanting to be spent.
Broadly: what do you do when you can't go to Cancun like you planned? You bet on Doge and GME, apparently. (Or you declare yourself a "VC" and start handing out checks to 20-something quarantined hackers.) Then you just end up with more money you can't spend.
ajross|3 years ago
Broadly: what do you do when you can't go to Cancun like you planned? You bet on Doge and GME, apparently. (Or you declare yourself a "VC" and start handing out checks to 20-something quarantined hackers.) Then you just end up with more money you can't spend.
doubled112|3 years ago
dragontamer|3 years ago
https://my.clevelandclinic.org/health/diseases/22944-pica