OK, Bloomer!
I mean, first of all, politicians arent investment advisers and their words shouldnt be treated as investment advice. But what does this real economy mean? Is a government bond part of the real economy, if that money is going to pay off debt from government spending during, say, Covid? Is that real? Is investing in Coca-Cola or Raytheon, investing in the real economy? Or are we really just investing in sugary drinks and missiles that do a lot more harm to kids than Ethereum does? Did mortgage-backed securities, pumped by a cocktail of explicit and implicit government guarantees and regulatory subsidies, support the real economy in the early 2000s? Isnt a real real economy one that supports individuals and families to live the lives they want, and doesnt crypto do that quite ably?
The post OK, Bloomer! first appeared on CurrencyCrypt.
Read more: https://currencycrypt.net/ok-bloomer/
Text source: CurrencyCrypt
