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> Lending does not necessarily encourage spending. And we're back to the old spending vs saving & investment view of economic growth. I'm squarely in the Austr
by clarkmoody 11y ago
> Lending does not necessarily encourage spending.
And we're back to the old spending vs saving & investment view of economic growth. I'm squarely in the Austrian camp on this, so I don't really care about spending, especially if it's fueled by government intervention to "spur aggregate demand".
I disagree that you have to have inflation, especially when we talking about gold & bitcoin. The past 100 years of economics has been tuned to a fiat money + fractional reserve banking + debt + inflation paradigm. Considering bitcoin within this framework doesn't even make sense, as it will (probably) not be the currency of a whole economy.
Also, there is more to the story concerning the Fed's balance sheet [1] and the link to inflation.
[1] file:///C:/Users/Clark/Downloads/market-outlook-2014-03-why-the-feds-4-trillion-balance-sheet-isnt-creating-inflation.pdf
- x1798DE 11y agoFYI that is a local link that will only work on your computer...
- clarkmoody 11y agoHahah, wow. Sorry about that. It auto-downloads the pdf, so the best I can do is a search result link. https://duckduckgo.com/l/?kh=-1&uddg=https%3A%2F%2Fwww.ubs.com%2Fus%2Fen%2Fwealth%2Fresearch%2FCIO-WMR-Research-Archives%2F_jcr_content%2Fpar%2Faccordionbox%2Flinklist_0%2Flink_33.1734866907.file%2FbGluay9wYXRoPS9jb250ZW50L2RhbS9XZWFsdGhNYW5hZ2VtZW50QW1lcmljYXMvZG9jdW1lbnRzL21hcmtldC1vdXRsb29rLTIwMTQtMDMtd2h5LXRoZS1mZWRzLTQtdHJpbGxpb24tYmFsYW5jZS1zaGVldC1pc250LWNyZWF0aW5nLWluZmxhdGlvbi5wZGY%3D%2Fmarket-outlook-2014-03-why-the-feds-4-trillion-balance-sheet-isnt-creating-inflation.pdf https://duckduckgo.com/l/?kh=-1&uddg=https%3A%2F%2Fwww.ubs.c...