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> We've been pumping money into the economy with no regard to long term inflation since the Obama administration. Correct, and _even_ in this context, the prin
by voisin 5y ago
> We've been pumping money into the economy with no regard to long term inflation since the Obama administration.
Correct, and _even_ in this context, the printing in the last two years is shocking.
Everyone points to the slow down in the velocity of money as justification, but look at what has happened as long as the fed has been tracking money supply and velocity of money - no matter what time period, once velocity picks back up the fed _never_ decreases the money supply in response. The printer didn’t come with a shredder.