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"Printing" doesn't resolve any problems. If it did, we wouldn't need to do it over and over. Have you heard of hyperinflation? Do you know where "printed" money
by nathanaldensr 6y ago
"Printing" doesn't resolve any problems. If it did, we wouldn't need to do it over and over. Have you heard of hyperinflation? Do you know where "printed" money tends to end up (hint: it's neither in your pocket nor mine)?
- reader_mode 6y agoDepends - if you are in debt - hyperinflation is a clean slate, if you have savings in the currency you're screwed, also depends on how stable your income is. Considering the ridiculously low interest rates right now if you want to bet on inflation - take out as much loans as you can and buy assets that won't depreciate much.
- kilo_bravo_3 6y agoI have been waiting for hyperinflation to occur in the US, as doomsayers have been predicting, for at least 25 years. They may have been claiming it will happen for longer than 25 years but I've only been paying attention for 25 years. At this rate, I think the Return of His Lord and Savior Jesus Christ may occur sooner than hyperinflation. Is it for real this time? Is hyperinflation finally happening? I would love to wallpaper my bathroom in $100,000 bills after using four of them to pay off my mortgage.