3 ms·
No, because they did basically the same thing ~15 years ago without increasing inflation. Year over year inflation is higher than it’s been in 40 years, and th
by heartbreak 4y ago
No, because they did basically the same thing ~15 years ago without increasing inflation.
Year over year inflation is higher than it’s been in 40 years, and they weren’t printing money then either.
- solaxun 4y ago15 years ago was a different animal because the money largely stayed in the banking sector, as excess reserves. This time, a substantial portion of it was deposited directly into consumer's accounts (stimulus checks) - and that money makes it's way into the real economy, pushing prices up.