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I hope it does not come as a surprise if I tell you that printing money has already been, since a long time and in great quantities, taking place. The cataclysm
by radiator 7y ago
I hope it does not come as a surprise if I tell you that printing money has already been, since a long time and in great quantities, taking place. The cataclysmic devaluation part is the one they are working on postponing.
- omginternets 7y agoIndeed it does not. I'm just not clear on how one postpones a cataclysmic devaluation.
- QuesnayJr 7y agoWe had a big increase in the money supply after the financial crisis, and yet inflation remains stubbornly low. At some point one needs to recognize that there is more in heaven and earth, Horatio, than dreamt of in your philosophy.
- radiator 7y agoIf you acknowledge that there was a big increase in money supply, then there is nothing more needed to conclude that there IS inflation. Whether acknowledged by official narratives or hidden, does not matter: it is still there and cannot remain hidden forever. But can you explain why practically all Central Banks are recently worried about high asset prices? Are high asset prices the sign of a stubbornly low inflation, in your opinion?