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The US actually can keep printing money for a long, long time, and they've been doing this for quite a while too: https://jeremiahjosey.files.wordpress.com/201
by 9nGQluzmnq3M 6y ago
The US actually can keep printing money for a long, long time, and they've been doing this for quite a while too:
https://jeremiahjosey.files.wordpress.com/2015/03/money-supply.png https://jeremiahjosey.files.wordpress.com/2015/03/money-supp...
Of course inflation will eventually eat away at its value, but at the moment we have the opposite problem, namely a deflationary spiral, because people aren't buying.
- sjg007 6y agoYeah nobody understands that we can print money. It’s the easiest solution and every other country is doing it already.
- nostromo 6y agoHope you’re saving now for your $10m one bedroom condo and your child’s $5m state university education.
- aaronblohowiak 6y agoNo inflation arises from injecting more money in the system if the amount injected is offsetting a reduction in economic activity. As activity increases, you take money out of the system (Raise rates)
- imtringued 6y agonostromo's comment may sound like a joke but the reason why those two things in particular are inflated is the fact that the printed money is only available as a mortgage or student loan. Nobody is buying consumer goods with the printed money and therefore we don't get to see inflation (which by definition only looks at consumer spending). We might get to see "real" inflation if that printed money is used to pay for unemployment benefits or to pay salaries.
- sjg007 6y agoThis misses the point that every country is printing money right now and yes some of that money is going directly to unemployment benefits and to paying worker salaries. At least in the USA 🇺🇸 it has...