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My thesis is simple and has remained unchanged since early 2020 when the printing began. Creation of additional currency without the creation of additional dema
by willcipriano 5y ago
My thesis is simple and has remained unchanged since early 2020 when the printing began. Creation of additional currency without the creation of additional demand reduces its value relative to other goods. To your point, a global economic shutdown would to my mind reduce demand for currency, therefore the creation of money in the past few years will cause inflation particularly as velocity picks back up[0].
I could be wrong, but that's a conspiracy theory? Like bigfoot or the moon landing? Come on. Your ideas can't be that fragile to have to resort to name calling like that.
[0]https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V