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>> There's quite a difference... The difference is between inflation as a by-product of a powerful, growing, economic engine with healthy wage growth (unfortun

>> 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).