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> anyone (that was wealthy enough) could take their $100k and borrow an additional $X00k they used to purchase assets Do wealthy borrow money to purchase peris
by ClumsyPilot 4y ago
> anyone (that was wealthy enough) could take their $100k and borrow an additional $X00k they used to purchase assets
Do wealthy borrow money to purchase perishable food?
We've been through this, we've printed money in 2008 and food prices did not increase.
You cant blame every economic problem on money supply
- Xeoncross 4y agoFood prices did increase after 2008, but it wasn't overnight because the QE wasn't overnight. Between 2008 and 2015, the Fed’s balance sheet, its total assets, ballooned from $900 billion to $4.5 trillion. Likewise, food prices also increased. However, this time we injected over $6 trillion in only a few months. A much faster rate of growth resulting in quickly rising inflation.