3 ms·
There's no such thing as greedflation. This inflation was caused by massive money printing by the Fed of unprecedented proportions, used to fund the Treasury wh
by machina_ex_deus 4y ago
There's no such thing as greedflation. This inflation was caused by massive money printing by the Fed of unprecedented proportions, used to fund the Treasury which went on with massive money giving helicopter money.
Blaming capitalism when the reason this all blew up was practically the biggest socialistic experiment is ridiculous.
It really is the death of capitalism, but not because of capitalism but because the single point of failure of central banks and central control are enough to bring this whole thing down.
This is actually infuriating seeing a bank trying to deflect the blame. This is the results of decades of banks getting breastfed by the Fed, and then the Fed finally exploding it all in COVID printing and failing to raise interest rates for a whole year of rising inflation with nonsense of "transitory inflation".
So much lies. If there should be social unrest, it's at the Fed and the banks.
- rhaway84773 4y agoAnd yet the dollar is stronger than ever. How is that supposed to work?