8 Comments

But it's not free money, is it? NY state can't print dollars. (Regardless of the wisdom of running deficits or paying them down.)

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Newsom did the same thing in California. Just as stupid.

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Crypto is like owning trading cards for all the '61 Yankees. Except Mantle, Maris, Berra, Stengel and Ford.

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Pomp will run for New York Governor someday.

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Agree to disagree? Washington printed new money out of thin air in 2020, which increased the total amount in the system. This action eased the pain for many Americans caused by price inflation on goods caused by covid supply chain disruptions but led to general inflation across the economy that we’re still fighting. New York, on the other hand, isn’t creating money. This is money that the people have already paid into the state treasury. It’s fair to argue the merits of giving it back now or holding onto it for debt relief, but I don’t see the statistics to support the prediction that it will cause inflation like the Fed printing money did.

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"inflation refund"? I was almost laughing too hard to read the rest of your letter. I would love to see Eric Adams run to replace her in 2026. A republican probably can't win in NY, but Adams would be a good alternative. Or maybe you, Pomp?

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Breaking news. Inflation never left. Any way they should buy bitcoin with that money.

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