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> So this whole article is complaining that 2% of currency is not circulating. And 40% of US dollars in existence were printed in the last 12 months: https://t
by EastOfTruth 5y ago
> So this whole article is complaining that 2% of currency is not circulating.
And 40% of US dollars in existence were printed in the last 12 months: https://techstartups.com/2021/05/22/40-us-dollars-existence-printed-last-12-months-america-repeating-mistake-1921-weimar-germany/ https://techstartups.com/2021/05/22/40-us-dollars-existence-...
- criddell 5y ago> Instead of spending the money on food, savings, or paying off debts, some people invested their stimulus checks in stocks (GameStop, etc.), and cryptocurrencies like bitcoins further driving up their prices. I've never thought about rising stock prices as inflation before.
- EastOfTruth 5y agoI think that we have some artificial inflation because of supply chain issues and all cargo ships sitting in the Pacific ocean waiting to be unloaded. But I don't see why stock prices should not raise with everything else.