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>Printing money on this scale doesn't add wealth to the economy Ceteris Peribus... But when vast amounts of wealth vanish in a broad deleveraging you are mere
by forgetsusername 11y ago
>Printing money on this scale doesn't add wealth to the economy
Ceteris Peribus...
But when vast amounts of wealth vanish in a broad deleveraging you are merely replacing money. Case-in-point, the US pumped over $1TT into the economy since 2008, and yet the value of the dollar has gone through the roof, despite the cries that hyperinflation was around the corner.
- dharma1 11y agoProbably something to do with the safe haven status of the dollar. Whenever there is a sign of trouble in the global economy, investors dump soft/emerging economy currencies and buy dollars, yen and Swiss franc