Can you really call a cave bat-infested if that’s where the bats live? I don’t refer to my apartment as being infested by humans. But maybe we can say that this planet is infested by us.
I feel like calling something an infestation is a hilarious way of setting a narrative for something. Like someone opens a cupboard in your house and your like “Careful!! Snack infestation in there, can’t seem to get rid of em”
Aye, but you see, that usage of “Infest” is correct. I don’t want wild rats living in my house, therefore its an infestation. Wild bats living in a cave, well, that’s where they live.
Are you conflating demonetization of a currency note with devaluation of currency ?
There was no apparent currency devaluation beyond the typical trend AFAIK.
But yes the move was at best a stupid blunder that impacted a billion people unnecessarily or worse, aimed to achieve an alternate agenda. It did end up in greater adoption of the UPI platform granting the govt more control over the currency flows.
Yeah, it’s fascinating to watch the feedback loops nobody anticipated come into play. The speed at which the world is dedollariziing is absolutely astonishing. And I expect that dedollarization will continue to become easier the more countries do it because all the networks for alternative trade will be in place making it easier for other countries to follow suit.
Inflation, surprisingly, has slowed down recently. I definitely expected it to continue at an elevated rate forever as dedollarization accelerated. It might just be a false plateau before something else causes inflation to spike again, but if not then this hypothesis (dedollarization is driving inflation) might not be sound.
Possibly! Which, in turn, would weaken the USs positive relationships with those countries as they’re pressured on multiple fronts (losses from trade competition, fallout from the Russian conflict, growing unrest from within the country) and thus accelerate dedollarization and then inflation. That would take time, though, and require another point of rupture that I certainly can’t predict!
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