When a system relies on expansion (money printing) to survive, scarcity is your friend.
Zoom out far enough and it gets even clearer.
One system expands to avoid collapse.
One system is capped by design.
Over time, excess liquidity doesn’t disappear... it looks for a new home and definitive scarcity has a habit of absorbing it
Zoom out far enough and it gets even clearer.
One system expands to avoid collapse.
One system is capped by design.
Over time, excess liquidity doesn’t disappear... it looks for a new home and definitive scarcity has a habit of absorbing it