Maybe the Fed and/or congress want a big money printing and/or tax hike, but to make it happen, they have to take a huge proportion of the profits away from the rich and give it to everybody else in the US and Europe. But to give it to everyone else they only have to get the money out of the banking system and into the banks. Then, they can decide if they want a bailout or no. We already have a banking system running at 100% capacity...
I'm not saying I'm against government regulation. I certainly am not. At all. I'd like to see some way to control inflation and the monetary system for good. But I'm against it getting too out of control in the first place. That's in my own interests. Maybe I'm wrong on that. I don't mind inflation. When it's controlled I want it to decrease, because, as I've said in other posts, more economic growth creates less government interference and I think that's what we want for Bitcoin. But I don't want anything that gets too out of control to stop the currency from appreciating. When it's artificially forced onto the market I'd like to see it to decline and be replaced with something, maybe a currency with a higher cap or something.
It's all up to us, the Bitcoin community. You choose to participate in the process or you don't.
I'm not saying I'm against government regulation. I certainly am not. At all. I'd like to see some way to control inflation and the monetary system for good. But I'm against it getting too out of control in the first place. That's in my own interests. Maybe I'm wrong on that. I don't mind inflation. When it's controlled I want it to decrease, because, as I've said in other posts, more economic growth creates less government interference and I think that's what we want for Bitcoin. But I don't want anything that gets too out of control to stop the currency from appreciating. When it's artificially forced onto the market I'd like to see it to decline and be replaced with something, maybe a currency with a higher cap or something.
It's all up to us, the Bitcoin community. You choose to participate in the process or you don't.