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The question is, was this a free lunch then, or will it be paid for via inflation?
by eloff 6y ago
The question is, was this a free lunch then, or will it be paid for via inflation?
- lefrenchy 6y agoYeah, I accidentally left that out of my comment. I agree though, inflation is what we need to be careful of. I don’t like the rhetoric that we will need to pay it back in taxes though because I find it misleading. The real is inflation, not some debt to be paid.
- cheerlessbog 6y agoInflation is too much demand chasing too little supply. If the money printing simply replaced missing demand, should we expect any inflation?
- jackcosgrove 6y agoIf demand stayed constant while supply decreased because fewer people were working, yes I would expect inflation.
- eloff 6y agoI think that's too simplistic. If it were true you could just print your way out of any down turn with no consequences. Crazily enough there is a mainstream view in macroeconomics that you can do just that. I think people aren't stupid though. If suddenly there are more dollars, then a dollar should be worth less. Hence inflation.