4 ms·
it's common sense, if you print a bunch of money and production of goods is flat or actually down due to the pandemic, inflation is going to happen. printing mo
by ren_engineer 5y ago
it's common sense, if you print a bunch of money and production of goods is flat or actually down due to the pandemic, inflation is going to happen. printing money doesn't magically make more houses appear, so the price of houses go up
Wealth comes from technological innovation improving productivity, not turning on the money printer
- bliteben 5y agobut this time it is different
- notch656a 5y agoYes but it's perfect cover to 'print' and give mostly to our friends via PPP loan and other graft to the rich.
- jjoonathan 5y agoWe can't print our way to collective wealth, but we can't not-print our way out of overcapacity ports and shutdowns in China. Abstinence isn't magic.