#通胀与经济增长 Recently, I came across a set of data and thought it would be worth discussing—The Federal Reserve is considering cutting interest rates. This should be good news, but the story behind it is a bit complicated.

The job market is weak, consumers are increasing their leverage, credit card debt has surpassed $1.2 trillion, with average interest rates over 20%. What does this indicate? The traditional financial system is squeezing the wealth of ordinary people. Although inflation has eased somewhat, it remains above target, and economic growth is sluggish—this is what we often refer to as the "stagflation" risk.

This is where the value of Web3 and DeFi becomes evident. In the traditional system, banks decide your interest rate, how much you can borrow, and how your assets are allocated. But in decentralized finance, protocols do not discriminate against anyone; interest rates are determined by supply and demand, transparent and auditable. You can manage your assets more intelligently through liquidity mining, lending protocols, and other methods—without being "harvested" by high 20% interest rates.

When the traditional economy faces growth stagnation, Bitcoin and crypto assets instead become new options for hedging inflation and seeking value preservation. We are witnessing a paradigm shift: from passively accepting the financial system's arrangements to actively taking control of our economic destiny.

This wave has just begun, and the future belongs to those who seize the opportunities of decentralization.