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" leaving it to do its horrible inflationary magic"? The inflation rate is very low. "Now, if I were an employer, and got a fat wad of cash to do X, would I re
by yequalsx 16y ago
" leaving it to do its horrible inflationary magic"? The inflation rate is very low.
"Now, if I were an employer, and got a fat wad of cash to do X, would I really distribute the money to create jobs?" That depends on the situation and climate you are in. You would spend the money to create jobs by expanding your business if it made sense to do so.
- dnautics 16y ago" The inflation rate is very low." No doubt. Government spending and debt expansion has up till now largely been counterbalanced by private debt contraction. Also, as a poster below explained, it takes time for money expansion to manifest itself as increased prices. (hence my statement "coming down the pike"). Of course, private debt contraction will become increasingly harder as inflationary pressures raise the cost of living and make borrowing money (apparently) less painful over the short-and-medium runs.