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Where did the $12T of Covid spending go? Part 3: Alternative narrative
- bko 6y agoI've been doing a lot of research in the sudden increase in money supply and wrote this tongue in cheek. But in all honestly, I would love someone to steelman the alternative argument for me. I think the jump in money supply (23% increase YoY) has led to asset prices jumping 30% to pre-covid levels which I find strange given all the things that happened over the last year. I can't find an alternative explanation or see any way that this will end well. So if someone can actually point me to a counter-narrative as to how this is all okay, I'd appreciate it.