Inflation Hedge or Not, Bitcoin’s True Value Is Separation of Money and State

No, probably not. Probably the opposite. While the White House introduced a program that isn’t obviously inflationary on the surface, the Federal Reserve chair is still digging deep for his Volcker (without going full Volcker) moment. When Powell faced central bankers, economists and the American people Friday morning with his prepared remarks in Jackson, Wyoming, he said that “history cautions against prematurely loosening policy,” which basically means, “We’re going to stay the course because if we change course again, you’re really not going to believe us anymore.”

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