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The set of homebuyers and the set of stimulus recipients in a lot of these markets are non-overlapping, too.

Crypto, on the other hand, is something I know was sold for a downpayment by several of my acquaintances, which is acting as its own form of "money supply increase" since they spent orders of magnitude less to acquire it. The anti-inflation tool creates its own inflation by turning into "new money." :)



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