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Also don't discount the fact the USD went through some serious deflation. In the name of jump starting the economy, our govt literally made money out of thin ai

by nojvek 9y ago

Also don't discount the fact the USD went through some serious deflation. In the name of jump starting the economy, our govt literally made money out of thin air and made it rain.

simonbyrne 9y ago
Wouldn't that be inflationary?
bad_hairpiece 9y ago
Printing more money is inflation
dmoy 9y ago
Wait when did the USD go through deflation?
AnimalMuppet 9y ago
Well, don't forget that the reason the economy needed jump starting is that $4 trillion evaporated in the crisis of 2008.
jonknee 9y ago
You mean inflation (well really, quantitative easing, we actually have been below target inflation for years), but that would mean housing everywhere has spiked in price. That's not the case, housing in a few markets has far outpaced anything else.
- runT1ME 9y ago
  >, we actually have been below target inflation for years no, we have crafted something called CPI, that charts how much consumer goods cost, and tracked below the target for that. Meanwhile, coastal RE, equities, business valuations and skyrocketed at unprecedented rates...
the_gastropod 9y ago
I'm going to assume you've read a bit about crypto currencies, and are now confident in their superiority to fiat currencies. I recommend spending some time learning about basic macroeconomics before drawing too many conclusions about the government "literally making money out of thin air". You can get the kindle version of Keynes' General Theory of Employment, Interest, and Money for $1 [0] or pick it up from your local library for free! [0] https://www.amazon.com/General-Theory-Employment-Interest-Illustrated-ebook/dp/B018055I7Q/ https://www.amazon.com/General-Theory-Employment-Interest-Il...
- etr-strike 9y ago
  Inflation is responsible for the wage slavery we find ourselves in today. Those peddling inflation and control of the money supply as a necessary component of modern economics are peddling snake oil. Price discovery is hard enough without an invisible handle manipulating the units you’re trying to measure value in.
  - deleted 9y ago
    [deleted]
heurist 9y ago
Good thing Bitfinex isn't magically making money out of thin air with Tether as we speak...

by nojvek 9y ago

Also don't discount the fact the USD went through some serious deflation. In the name of jump starting the economy, our govt literally made money out of thin air and made it rain.

simonbyrne 9y ago

Wouldn't that be inflationary?

bad_hairpiece 9y ago

Printing more money is inflation

dmoy 9y ago

Wait when did the USD go through deflation?

AnimalMuppet 9y ago

Well, don't forget that the reason the economy needed jump starting is that $4 trillion evaporated in the crisis of 2008.

jonknee 9y ago

You mean inflation (well really, quantitative easing, we actually have been below target inflation for years), but that would mean housing everywhere has spiked in price. That's not the case, housing in a few markets has far outpaced anything else.

runT1ME 9y ago
>, we actually have been below target inflation for years no, we have crafted something called CPI, that charts how much consumer goods cost, and tracked below the target for that. Meanwhile, coastal RE, equities, business valuations and skyrocketed at unprecedented rates...

the_gastropod 9y ago

I'm going to assume you've read a bit about crypto currencies, and are now confident in their superiority to fiat currencies. I recommend spending some time learning about basic macroeconomics before drawing too many conclusions about the government "literally making money out of thin air". You can get the kindle version of Keynes' General Theory of Employment, Interest, and Money for $1 [0] or pick it up from your local library for free! [0] https://www.amazon.com/General-Theory-Employment-Interest-Illustrated-ebook/dp/B018055I7Q/ https://www.amazon.com/General-Theory-Employment-Interest-Il...

etr-strike 9y ago
Inflation is responsible for the wage slavery we find ourselves in today. Those peddling inflation and control of the money supply as a necessary component of modern economics are peddling snake oil. Price discovery is hard enough without an invisible handle manipulating the units you’re trying to measure value in.
- deleted 9y ago
  [deleted]

heurist 9y ago

Good thing Bitfinex isn't magically making money out of thin air with Tether as we speak...