> The much more significant antagonist for financially vulnerable young adults is the Federal Reserve and its inflationary monetary policy that has priced many out of ever owning a home
The Federal Reserve doesn't control housing policy; local politics (often NIMBY's) do. House prices are high because there are not enough houses in cities where NIMBY's control the city council. No amount of interest rate adjustments will lower house prices if there are not enough houses to begin with.
The alternative to high interest rates from the Fed is high inflation, and inflation is even more harmful to the average citizen. There's a reason Powell keeps emphasizing stable price levels in every single speech he gives, because high inflation is something that must not be allowed to happen.
Cryptocurrency is not an inflation hedge, it's way too volatile for that. Cryptocurrency is the most speculative of speculative investments, and one must buy in knowing that you're flipping a coin and praying that it lands on tails.
The Federal Reserve doesn't control housing policy; local politics (often NIMBY's) do. House prices are high because there are not enough houses in cities where NIMBY's control the city council. No amount of interest rate adjustments will lower house prices if there are not enough houses to begin with.
The alternative to high interest rates from the Fed is high inflation, and inflation is even more harmful to the average citizen. There's a reason Powell keeps emphasizing stable price levels in every single speech he gives, because high inflation is something that must not be allowed to happen.
Cryptocurrency is not an inflation hedge, it's way too volatile for that. Cryptocurrency is the most speculative of speculative investments, and one must buy in knowing that you're flipping a coin and praying that it lands on tails.