4 ms·
Because if you continue printing money the inflation doesn't stop growing at some point. This is Econ 101.
by mixedCase 10y ago
Because if you continue printing money the inflation doesn't stop growing at some point. This is Econ 101.
- PrimalDual 10y agoI don't understand you try to characterize money printing with runsway inflation. For one I am Not arguing for unlimited money printing I am talking more about QE style money printing. You don't continue pumping money into the economy if it's already at full capacity and you have reached your inflation target. In fact the United States has printed trillions of dollars through QE but what we experience right now is a very far from runaway inflation. What I am saying is perhaps we need higher inflation to get full employment. I also don't think a 4% target is exactly Venezuela levels of inflation.