How dollar printing press is crushing younger generation

How dollar printing press is crushing younger generation

By Arvydas77 | passivecrypto | 19 Feb 2020


In recent blog post by Arca I came across interesting fact that:

In 2000, most new college grads got a standard $40 - $60k / year starting job. In 2020, most new college grads get a similar standard $40 - $60k/year starting job.  Meanwhile there are 4x as many dollars as there were in 2000. QE is crushing those who don’t own inflation-protected financial assets.

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It is interesting to note that there are more voices reflecting need of sound money as anti-inflationary tool. Invention of Bitcoin and cryptocurrencies give us enormous opportunities not only to invest in the future technological advance but also to protect ourselves from central bank printing press. 

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Arvydas77
Arvydas77

Crypto maniac since 2016


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