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Yes he is. We’ve been printing absurd amounts of money for years praying inflation didn’t show up in meaningful indicators and now that it shows up it’s some bi
by MaxHoppersGhost 5y ago
Yes he is. We’ve been printing absurd amounts of money for years praying inflation didn’t show up in meaningful indicators and now that it shows up it’s some big surprise. We should have been raising rates the last 8 years or so instead of juicing the economy and stock market nonstop.
- pmontra 5y agoIf you print a trillion and give it only to me, there is no much inflation because what could I possibly buy much more than I do? Not bread or gas. It will go in financial products and market indexes will grow. If you give $1000 to 1 M people then you start having inflation because those money go into shops. This is the lesson from the last 15 years.
- blitzar 5y ago> We’ve been printing absurd amounts of money for years praying inflation didn’t show up in meaningful indicators and now that it shows up it’s some big surprise They have been praying for inflation - it is the intended outcome of the policy and it has taken 23 years for it to happen. What they wanted was inflation in wages, assets, goods, services, productivity and growth. Inflate away the notional value of debt. What they got was gamestonk, crypto, stagnant wages, gig economy and antiwork.