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Yeah nobody understands that we can print money. It’s the easiest solution and every other country is doing it already.
by sjg007 7y ago
Yeah nobody understands that we can print money. It’s the easiest solution and every other country is doing it already.
- nostromo 7y agoHope you’re saving now for your $10m one bedroom condo and your child’s $5m state university education.
- aaronblohowiak 7y 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 7y 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 7y 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...