Ban Crypto and NFT

How to Reduce the 2020 Inflation Icon

July 27, 2021

Inflation surged in the second half of 2021 as the effect from the Covid which began in Q1 of 2020.

Covid forced the world to go on lockdown. Without a normal economy going, people started buying cryptocurrencies and NFTs with their savings (retail money). This caused a surge in the crypto prices. The money that was supposed to go to circulate the real economy was funneled into a virtual casino that inflated crypto prices without producing any real utility.

This is similar to quantitative easing money (wholesale money) being used to inflate stock prices.

With both wholesale and retail money going into non-production, output falls, causing inflation.

The Solution: Ban Crypto

To bring back money into productive uses, crypto mining and transactions must be banned in countries experiencing inflation.

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