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The money supply is a hockey stick. Of course we're going to see massive inflation. And of course lots of serious people are denying it. It takes a lot of intel
by quotemstr 5y ago
The money supply is a hockey stick. Of course we're going to see massive inflation. And of course lots of serious people are denying it. It takes a lot of intellectual effort to fool yourself into disbelieving your own eyes
- imtringued 5y agoFiat currency has a deflationary bias. Given an independent central bank you are not going to see persistent inflation because they will do the obvious thing and just raise rates. The Fed has a big red "DUMP IT" button they can press at any time but no button to increase inflation.
- quotemstr 5y agoOf course the fed has a button to increase inflation: massive asset purchases using money made with INSERT INTO.