5 ms·
Printing dollars out of thin air, makes the ones in your pocket less powerful. We've been doing this "thin air" thing for twenty years. Why has it only caused
by jessaustin 5y ago
Printing dollars out of thin air, makes the ones in your pocket less powerful.
We've been doing this "thin air" thing for twenty years. Why has it only caused inflation over the last several months?
- coryrc 5y agoGraph housing and health care prices. Maybe low inflation was a lie all along.
- jessaustin 5y agoOK, sure, let's assume inflation has been understated this whole time. (That might even be true!) Do you suggest that it's less understated now? If not, we still don't see the simple relation suggested upthread between inflation and a hypothetical "incorrect" Fed policy, since Fed policy has been pedal-to-the-metal for a long time.
- coryrc 5y agoI think the current reported inflation is related to notable supply (eg ICs) or demand (eg home improvement) changes, as a first order cause. But why do so many have excessive money to burn on increasing demand? Because asset prices are propped up with Fed dollars and no-interest loans.