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> Do you mind explaining "We can print tens of trillions and still not see inflation, if we control the costs of healthcare and education."? At a high level,
by redis_mlc 7y ago
> Do you mind explaining "We can print tens of trillions and still not see inflation, if we control the costs of healthcare and education."?
At a high level, there are only a few productive economies in the world: USA, Germany, and to a lesser extent Japan and S. Korea.
The rest of the world consists of countries that are either small, subsistence farmers or welfare states.
So the USA can basically do whatever it wants monetarily. It also helps that it's the only global currency. You can go to the farthest ends of the earth, and people hoard US dollars there.