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I think your response just proves my point, which is that people have a strong knee-jerk reaction to any level of inflation. There's quite a difference between

I think your response just proves my point, which is that people have a strong knee-jerk reaction to any level of inflation. There's quite a difference between a 3-5% level of inflation, which helps smooth shocks in the economy and forces the rich to participate in the real economy to keep the value of their money, vs. hyperinflation, which nobody is advocating for.

listenallyall 8y ago
>> There's quite a difference... The difference is between inflation as a by-product of a powerful, growing, economic engine with healthy wage growth (unfortunate but acceptable) and deliberately generating inflation, via money-printing, as the means to stimulate a stagnant economy (pure foolishness).
- smallnamespace 8y ago
  This is in the context of the Great Recession which saw the largest sudden liquidity withdrawal from our monetary system in recent history. The point of printing money (which I'd like to emphasize did not happen, easily verified by the lack of broad price inflation in the last decade) is to get back closer to your baseline, not to goose an economy already at full employment (that just gets you the 1970s).