3 ms·
Truly? How many Trillions of dollars have we spent to slow the descent of the stock market in the last few months? How many more are we planning on spending? W
by cmendel 6y ago
Truly? How many Trillions of dollars have we spent to slow the descent of the stock market in the last few months? How many more are we planning on spending?
We aren't on the gold standard, we're on the idea standard. As such, our money is worth what we say it is worth and we can have as much of it as we want. If we said tomorrow "Here's 100 Trillion USD to fix climate change" we could do so.
Yes I'm ignoring the inflationary effects for this example, but ultimately it doesn't matter. If we don't have a world to live in we'll have much larger concerns than inflation.
- coffeefirst 6y agoExactly. We don’t have a choice. And as powerful as that toolkit is, nothing is infinite.