They're just inflating asset prices and protecting investor classes at the expense of the rest of the economy. Disrupting the price discovery mechanism comes at a cost.
Perhaps some here would propose that these activities come at no cost or are otherwise a free lunch.
As for crypto, I am also disappointed. Many of the goals you listed have been accomplished technically. Unfortunately most people don't care. The speculative aspects trump the technology.
> Perhaps some here would propose that these activities come at no cost or are otherwise a free lunch.
Many people don't want to believe that the whole money system is a zero sum game. But it is. Just because people can't observe any change whatsoever when they're watching the numbers in their bank account while the central bank buys another chunk of bonds or lowers the interest rate, (in fact with negative interest being forwarded to end customers, people can actually see), doesn't mean the central bank's actions don't have any consequences for them.
Just because there's a long and not exactly transparent path of connections between the value of some money in a bank account and the actions of a central bank doesn't mean the two are not linked in a very grievous way.
Things exist despite being hard to spot/grasp.
> Many of the goals you listed have been accomplished technically. Unfortunately most people don't care.
Countries such as Lebanon or Argentina serve as examples for the obvious effect that beyond a certain level of inflation, people start to care.
Turkey banned bitcoin but with inflationary pressure being as high as it is, the story is not yet over I'd bet.
>...central banks aren’t knowingly creating inequality...
They're just inflating asset prices and protecting investor classes at the expense of the rest of the economy. Disrupting the price discovery mechanism comes at a cost.
Perhaps some here would propose that these activities come at no cost or are otherwise a free lunch.
https://www.google.com/search?q=revolving+door+wallstreet+fe...
https://en.wikipedia.org/wiki/Jerome_Powell#Legal_and_invest...
As for crypto, I am also disappointed. Many of the goals you listed have been accomplished technically. Unfortunately most people don't care. The speculative aspects trump the technology.