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"I am not saying that inflation or interest rate rises are impossible in the future but I am suggesting that those who suggesting these are anything but very te
by megiddo 6y ago
"I am not saying that inflation or interest rate rises are impossible in the future but I am suggesting that those who suggesting these are anything but very temporary phenomenon have to explain why the trends of many decades are going to reversed now and for what reason.
Only two reasons are being given. One is that there is going to be excess demand after coronavirus. The other is that there will be a shortage of supply of goods and services in the economy to meet that demand. My argument in this thread is that neither is likely."
I like how neither of these addresses really shit monetary policy, like over-production of currency. This entire analysis assumes the Fed doesn't end up forced to monetize several trillion in debt over a couple years.