| From the Desk of Don Yocham: Well, the Fed finally stopped pretending and dropped "transitory" from their inflation talking points.
But don't take that as guidance. The path of aggregate consumer prices is anyone's guess. There are as many deflationary pressures floating around the world today as inflationary.
The Fed could hike rates, crush growth, and trigger defaults. And just like dollars get borrowed into existence, less debt through defaults takes them out of the system.
And that spells deflation.
The only thing you can be sure of is that when forces build in opposition of each other, chaos comes next.
And the dollar is not immune to monetary chaos.
But we're not prisoners in the dollar-system. Neither are businesses.
You don't have to save in dollars. And businesses don't have to get paid in them.
They can conduct business any way they choose, including crypto.
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