SBF

SBF @SBF_FTX

22) (c) means that (a) and (b) can borrow against their equity (that they either created or invested in), increasin… https://t.co/9rlpRxeYET — PolitiTweet.org

SBF @SBF_FTX

21) A few secular trends: a) the world becomes digital b) the world becomes financial c) borrowing becomes way eas… https://t.co/4OFAwd1HKl — PolitiTweet.org

SBF @SBF_FTX

20) I don't know what "right" means here. Let's try again: is it correctly measuring the impact of monetary policy… https://t.co/IBASBFAyAw — PolitiTweet.org

SBF @SBF_FTX

19) Well, inflation is measured via CPI. CPI is bread, and gym memberships, and clothing, and tuition. CPI has on… https://t.co/wjJ1aUcGm8 — PolitiTweet.org

SBF @SBF_FTX

18) And so we reach the first deeply weird fact about the modern economy: that monetary supply has been increasing… https://t.co/psCVLxh4f9 — PolitiTweet.org

SBF @SBF_FTX

17) Well, let's return to the rate of monetary supply increase. M2 has been about $20T. Also, recently monetary s… https://t.co/UM0z4ahOV7 — PolitiTweet.org

SBF @SBF_FTX

16) And, in fact, since 2000, inflation has averaged ~2.3%/year. So far, everything looks reasonable: the gov't ke… https://t.co/aPS5aISRPD — PolitiTweet.org

SBF @SBF_FTX

15) Well, I don't know for sure! But I think a reasonable heuristic is: You want it to make sense for companies t… https://t.co/XjkDsryQ7k — PolitiTweet.org

SBF @SBF_FTX

14) It makes sense, then, that monetary supply started increasing more quickly in 2008 and 2020: the recession and… https://t.co/wHzZXLFQwp — PolitiTweet.org

SBF @SBF_FTX

13) Ok, so there are some reasons that moderate inflation can be good. By essentially disincentivizing holding fia… https://t.co/69aC0DNhKs — PolitiTweet.org

SBF @SBF_FTX

12) By incentivizing transactions and investing over holding USD, maybe inflation can cause some positive sum trans… https://t.co/OLoKxBxRdI — PolitiTweet.org

SBF @SBF_FTX

11) Finally: let's say that Bob wants to buy a widget from Alice. It costs Alice $5 to make, and it's worth $7 to… https://t.co/41vktzjJFX — PolitiTweet.org

SBF @SBF_FTX

10) Maybe it's people cashing out. Alice founds a company, XYZ. She runs XYZ for a while, all her wealth is in XY… https://t.co/WY91eLaaj4 — PolitiTweet.org

SBF @SBF_FTX

9) So you can use inflation to counter-balance fear in markets. But for that to work, *someone* has to end up hold… https://t.co/CABrZT3vzB — PolitiTweet.org

SBF @SBF_FTX

8) Why might you want that? Well, it's basically a tax on USD holdings; it disincentives keeping your wealth in do… https://t.co/QWeqS3d7Od — PolitiTweet.org

SBF @SBF_FTX

7) So what does printing money do? Well, let's say that, instead of giving out the 0.5x new money pro-rata, you gi… https://t.co/BLsN1JoBBb — PolitiTweet.org

SBF @SBF_FTX

6) This doesn't accomplish anything, really: it's just a 1.5-for-1 stock split in the US Dollar. If a loaf of brea… https://t.co/pIA1BFGHGg — PolitiTweet.org

SBF @SBF_FTX

5) Why? Well, let's start with a case where printing money doesn't do _anything_, and then find the differences.… https://t.co/dozpjd65O7 — PolitiTweet.org

SBF @SBF_FTX

4) Anyway: over the past decade, western central banks have increased monetary supply. A lot. US: C… https://t.co/XkeK88GTof — PolitiTweet.org

SBF @SBF_FTX

3) I should disclaim this by saying that I have very little training in macroeconomics, and am mostly piecing this… https://t.co/VNrVyDeMPA — PolitiTweet.org

SBF @SBF_FTX

2) AKA, "number go up". — PolitiTweet.org

SBF @SBF_FTX

1) Between inflation and recession: Post-Modern Monetary Theory — PolitiTweet.org

SBF @SBF_FTX

RT @FTX_Access: $APE has almost traded as much volume as $ETH today! https://t.co/VYhPJih90Q — PolitiTweet.org

SBF @SBF_FTX

https://t.co/ibxucKLQpO — PolitiTweet.org

SBF @SBF_FTX

RT @RhysLindmark: Did some napkin math to understand if @ftxfuturefund is a big deal for longtermism. In summary: it is! Don't forget to… — PolitiTweet.org

SBF @SBF_FTX

Had a good time in Boca for the FIA Expo, but really glad to be back in Nassau and getting back to work. Really mi… https://t.co/uVW18vtI8K — PolitiTweet.org

SBF @SBF_FTX

RT @Oxygen_protocol: Meet Oxygen_Light: Borrow assets and generate passive income in 1–2–3 Try it out now: https://t.co/4u1ggtP9OY Read mo… — PolitiTweet.org

SBF @SBF_FTX

RT @circlepay: No.1 of Season 2 👑 @SBF_FTX and @jerallaire dig into crypto’s impact on the world's economic infrastructure in this episode… — PolitiTweet.org

SBF @SBF_FTX

RT @rsalame7926: Big shout out to @ChobanianMike during the Senate Banking hearing talking about the benefits digital assets are having to… — PolitiTweet.org

SBF @SBF_FTX

RT @ProjectSerum: 1/ Today the @ProjectSerum community has elected to donate 100k $SRM to Ukraine relief efforts. The donation will be ma… — PolitiTweet.org