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1. e.g., quantitative easing is literally described as “an unconventional form of monetary policy, it is usually used when inflation is very low or negative” -
by gonational 7y ago
1. e.g., quantitative easing is literally described as “an unconventional form of monetary policy, it is usually used when inflation is very low or negative” - just because we are not able to meet a specific inflation target does not mean that creating money does not the create inflation… this is some of the most basic monetary economics stuff
2. At what point did I state that inflation is always hyper-inflation? It is perfectly appropriate to bring up hyper-inflation in a conversation about money creation where the money would be created at a rate of no less than $335 billion per month (e.g., UBI of $1,000/mo), which would be the greatest expansion of money supply, in PPP terms(and 25% expansion of M2 per year), in planetary history.
3. Pray tell... if the inflation is due to an increase of the money supply at the inter-banking level, then of course loans are easier to be had. If you already have loans, then of course you are in a great spot when inflation ramps up. If you’re trying to get a loan and the money supply is increasing at 25% per annum, you will likely need to be lent money at a rate higher than what usury laws allow...
4. Never said that either. What I said is that those people are the only ones that will benefit without condition, because inflation does not affect them (other than price stickiness in their assets, if they choose to sell them - they can also thank money expansion for this, one of the known failings of New Keynsianism)
Pertaining your last point about the divergence of my thinking from the boundless wisdom of academics... Don’t fall for the college tribe common look no further than Paul Krugman for an example of how Neo Keynesian economics will lead you down a path of endless failure (search for his predictions - as we know, predictions are the best way to test a theory). New Keynesianism economics will go down in history as the single failure that collapsed the Occident into an inescapable swamp of debt. You sound like you’re in junior high or early high school, so you still have time; trust me, do not waste your time studying economics in college. And if you do, at least seek out some place that teaches Austrian School economics at least from a historical perspective (like Booth).
Hey there :) no need to reply if you don’t want to; I already know you read it all