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This line of argument is utter nonsense and propaganda. Review the history of what happened. Covid landed. Then the federal reserve printed tons of money (sho
by anonreeeeplor 4y ago
This line of argument is utter nonsense and propaganda.
Review the history of what happened.
Covid landed. Then the federal reserve printed tons of money (shows up clearly in the percentage of government spending as share of US GDP and M2 money supply).
Then there was a delay and then inflation began to increase.
Inflation is always and everywhere a result of printing.
- rhaway84773 4y agoAnd yet the dollar is stronger than its ever been. And the inflation is global. In fact? The U.S. is faring better than most other countries. And inflation is even worse if you were using a deflationary currency like Bitcoin. The fact that someone can go through the last few years and see inflation clearly driven by war, inflation clearly driven by supply chain problems due to COVID, inflation clearly driven by Brexit when looking at the UK, and comment “inflation is always and everywhere a result of printing” is just ideological blinkerism at its finest.
- gfdgfdsgfds 4y agoThe “inflation is always and everywhere a result of printing” line is from a Nobel laureate in economics.
- pasabagi 4y agoThat is by no means incompatible with ideological blinkerism.
- mountainriver 4y agoThe big issue is that we significantly expanded the monetary supply while we had a supply chain shortages due to war/covid They aren’t in isolation, printing money when the supply chain is constrained is going to sky rocket demand, and send inflation through the roof