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While that is true it is printing money for distributive purposes that I'm more worried about. Spending a few billion on bombs to blow up houses on other contin
by fuzz4lyfe 7y ago
While that is true it is printing money for distributive purposes that I'm more worried about. Spending a few billion on bombs to blow up houses on other continents, or to prop up the stock of oil companies for example won't really move the inflation needle in regards to consumer goods as much as printing it to throw it out of a helicopter would in my estimation.
- selectodude 7y agoRight now the vast majority of money printing is being given to banks and then placed right back into the Fed and earning interest for those same banks. Just look at the M2 monetary velocity[1]. It fell off a cliff in 1997 and never really recovered. It's now at an all-time low. For all intents and purposes we're operating on a light version of MMT. [1] https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V