3 ms·
Ehh, come on, crises come and go. Humanity will not give up so easily, you can always at least have the next iteration of money. It's only a question of the pat
by H8crilA 7y ago
Ehh, come on, crises come and go. Humanity will not give up so easily, you can always at least have the next iteration of money. It's only a question of the path. We can start with the most basic question: will it be inflationary or deflationary? Already that is hard to say, and may depend on the currency.
I'd say at least in the beginning it would be deflationary because existing and "approved" monetary tools are close to being maxed out and it'll take time for common people and governments to accept money handouts and other hardcore stimulus plans.
Obligatory read by Ray Dalio on "monetary policy 3":
https://economicprinciples.org/downloads/MMT_%20MP3_MK.pdf https://economicprinciples.org/downloads/MMT_%20MP3_MK.pdf