4 ms·
It won't last forever, that's for sure. The only reason we haven't seen real inflation yet is because the dollar is the reserve currency of the world and that
by cubano 11y ago
It won't last forever, that's for sure.
The only reason we haven't seen real inflation yet is because the dollar is the reserve currency of the world and that other countries are in even worse shape, thus we have natural inflation-resistant situation where we get to finance our debt on the backs of the world.
- crdoconnor 11y agoWhich would be very convincing if Japan: A) weren't the reserve currency of the world. B) didn't have 20 or so years of no inflation. C) didn't have legions of economists saying that massive inflation was just around the corner since ~1993 - exactly like you are now. D) didn't use a different, equally unconvincing excuse for why they too are special.