3 ms·

> Something definitely went wrong somewhere Printing infinite money might have fucked up the economy.

• ikurei 5y ago
  Did we do that? Where are my infinite dollars then? My bank only shows a few thousand. Care to elaborate?
  • deleted 5y ago
    [deleted]
  • Ericson2314 5y ago
    GP is exactly wrong. Spending begets riches. If no one is buying, the future isn't worth investing in. Conversely, if everyone is buying, tech will unleash material prosperity validating those larger dollar flows faster than "too many dollars" make us "go Weimar" and society falls part. The mistake has been relatively inefficient forms of stimulus that arguably prop up asset prices more than they increase spending, but hopefully the pandemic checks demonstrate us turning a new leaf there: they clearly worked better than whatever shit Larry Summers told Obama to do, as the original graph shows!