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It's not that inflation is suddenly a surprise today. The surprise is that inflation has taken so long to 'suddenly' appear. Most of us have expected it at leas
by simonblack 5y ago
It's not that inflation is suddenly a surprise today. The surprise is that inflation has taken so long to 'suddenly' appear. Most of us have expected it at least 5 to 10 years ago.
The government can't throw billions and trillions of dollars into the economy willy-nilly and expect there to be no inflationary effect. The money-splashes have really got going about 14 years ago with the huge bail-outs of 2008. What's taken so long?
- ephbit 5y agoThis unexpected delay might be one of the reasons why economists came up with the Modern Monetary Theory MMT.