4 ms·
So I've said there's decline, but that might be temporary, then given reasons why it might not be temporary. Are you even sure we disagree? QE is a very recent
by Nomentatus 4y ago
So I've said there's decline, but that might be temporary, then given reasons why it might not be temporary. Are you even sure we disagree?
QE is a very recent invention. Inflation, such as during the Civil War, not at all. The money supply went full bonkers - and during the revolution itself; much worse, still. A "Continental" (the dollar of the time) came to mean "worthless."