4 ms·
It's really a pointless discussion. All you need to know is printing money causes inflation. The damage is done and there's no painless way to undo it. This
by jaimex2 3y ago
It's really a pointless discussion.
All you need to know is printing money causes inflation.
The damage is done and there's no painless way to undo it.
This is the price for your covid measures. The bill is due.
This is roughly what each country is up for: https://www.statista.com/statistics/1107572/covid-19-value-g20-stimulus-packages-share-gdp/ https://www.statista.com/statistics/1107572/covid-19-value-g...
- zeroonetwothree 3y agoIndeed, we have to let the price level adjust to the new higher baseline given the increase in money supply. However, raising interest rates has decreased it modestly, about 5% in the past year. So that's something.
- switch007 3y agoHas there been a politician with the guts to say this is the Covid bill? It’s so painfully obvious to me