4 ms·
That stimulus bill is going to cause hyperinflation.
by steveeq1 7y ago
That stimulus bill is going to cause hyperinflation.
- joejohnson 7y agoThis doesn’t make any sense; if you print 14 trillion dollars, in doesn’t matter whose hands you put that money in, you get the exact same level of inflation.
- maximente 7y agounlikely as virtually everybody in the world wants dollars, which means that the USD will probably be very strong in the short term. least dirty clean sheet and all that.
- viklove 7y agoIf you give everyone money, the hyperinflation only affects the richest, aka billionaires. Who gives a shit about them? They'll be fine.
- robjan 7y agoA billionaire doesn't care when the price of a loaf of bread increases by 10% and, in any case, the money will eventually trickle up to the billionaire.
- viklove 7y agoAre you seriously saying we can't produce enough food to feed our populace in the US? That's not the issue. The issue is that we're willfully keeping it out of the hands of hungry people because of our "economic system." The purpose of our economy is clearly not to feed people, it's to enrich the wealthiest among us.
- jerome-jh 7y agoPossibly already the case, seeing how the stock markets react whereas the fundamentals are still pretty bad.