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I believe America is in a unique position to get away with zero interest rates and runaway inflation for far longer than anyone else without much consequence. R
by farseer 4y ago
I believe America is in a unique position to get away with zero interest rates and runaway inflation for far longer than anyone else without much consequence. Reserve currency does have its perks so I wouldn't worry too much if I lived in the US.
For the rest of the world, yes debt is not sustainable. So maybe governments should live within their budgets and not borrow from future generations. For Europe that includes being free from Anglo American influence and making peace with Russia no matter how painful that maybe.
- starkd 4y agoThis seems like it would be economic malpractice to allow high inflation for an extended period. It is especially reckless considering the middle class is the most advervsely affected here. You could easily see the economy do a tailspin and never recover.
- landemva 4y agoHigher interest rates would help pension funds which invest in bonds. Agreed that high inflation hurts the lower tier who generally don't have assets which keep up with inflation.
- cragfar 4y ago> I believe America is in a unique position to get away with zero interest rates and runaway inflation for far longer than anyone else without much consequence. Reserve currency does have its perks so I wouldn't worry too much if I lived in the US. But they're not. T-bills are at 4.7%.