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In a sense this has kept inflation low. China's factories and population can produce more cheap knick knacks than America can ever consume. Instead of newly pri
by magicsmoke 6y ago
In a sense this has kept inflation low. China's factories and population can produce more cheap knick knacks than America can ever consume. Instead of newly printed money chasing after an inexhaustible supply of things to order from Amazon, it chases after things that are actually limited in quantity like land, stocks, gold, and bitcoin.