Just Time For A Quick Miley Memo.
The main lever governments use to control inflation is control the money supply.
In the first instance literally just how much of it they print/issue. What has become known as; "Quantitative Easing." In the jargon of the; "Abenomics" of now defunct Japanese Prime Minister Shinzo Abe.
Then through Central Bank Interest Rates.
The rate that Central Banks offer to Retail Banks to deposit their customers money with the Central Bank.
Along with the rate Central Banks charge Retail Banks to borrow money from it. Which Retail Banks then lend out to their customers.
The combined purpose is to keep as much money in the Central Banks vaults as possible. Rather than having it out in the world. Magically turning into more money.
Cryptocurrencies exist outside of both of those methods of government control.
Unlike other barter currencies, such as Gold, Diamonds etc. Governments have even, really, figured out how to tax Cryptocurrencies.
Apart from that though;
👍WELL PLAYED!👍
https://ew.com/tv/recaps/saturday-night-live-season-46-episode-18/
https://www.youtube.com/watch?v=JttNOpIGgK4 (The Dumbest Thing Man Has Ever Done, Woody Guthrie, Columbia Version, Audio, T.A Sedlak).
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