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It won't crash the economy but combined with really high inflation and having already over-expended QE measures it could lead to a nasty enduring stagflation wh
by jpgvm 5y ago
It won't crash the economy but combined with really high inflation and having already over-expended QE measures it could lead to a nasty enduring stagflation which is probably worse than a crash.
- neilwilson 5y agoThat can easily be resolved by putting up taxes to a sufficiently high level to drain excess spending. Putin has the power to do that. It's all there in Keynes' how to pay for the way - except Putin isn't running a liberal democracy that may object to high taxes.