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The entire world has collectively decided that recessions are unacceptable, so all central banks will print as much money as necessary to ensure no pain is ever
by seibelj 7y ago
The entire world has collectively decided that recessions are unacceptable, so all central banks will print as much money as necessary to ensure no pain is ever experienced by anyone except prudent savers. Watch the printing presses get ramped up, I assume everyone in the USA will be getting a few thousand bucks in the mail soon.
- thoughtstheseus 7y agoBring in the helicopter money.
- nostromo 7y agoIf we can avoid recessions, we should. If we can create wealth without inflation, we should.
- dgudkov 7y agoIf you're not sure if you can, probably you can't. At this point nothing indicates that we've learned how to reliably avoid recessions. Quantitative easing and negative rates don't look like the Holy Grail, quite the opposite.
- Jommi 7y agoAbsolutely disagree with this sentiment. Avoiding recessions pushes for a change in the rules of the game allowing unhealthy practices to go on unpunished in the market. This is incredibly unhealthy in the long run.
- hi5eyes 7y agopeaking at the repo market and watching the inadequate pumps is concerning when the slow down really happens
- OscarCunningham 7y agoAre you saying that you think central banks will overshoot their inflation targets? Or that they'll hit them but that you don't think they should have those targets?
- dcftoapv 7y agoFree money doesn't help if nobody is willing to borrow it. US government needs to have targeted lending programs for impacted industries ready to go.
- koonsolo 7y agoWell then you do some quantitative easing and all is well again ;).
- empath75 7y agoThat won’t do anything but raise prices if the economy isn’t producing.