Sublime

And finally, an obvious consequence of all four is accelerating inequality between those who do and do not own capital, who are and are not able to get to front of the queue for artificial finance, and who do and do not make malinvestments in their own human capital on false price signals.

If we had to pick a moment in time in which we entered the final stages of degenerate fiat “capitalism,” we would likely pick March 2020, when it seemed very much as if the everything bubble had popped.