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Energy/material costs and money-printing are not unrelated, in that the latter is being used to paper over extremely worrying trends in the former. 2008-induced
by walleeee 3y ago
Energy/material costs and money-printing are not unrelated, in that the latter is being used to paper over extremely worrying trends in the former. 2008-induced QE and covid-induced direct payments are both can-kicking strategies which do not address underlying problems, just temporarily plug leaks in the facade.
- bryanlarsen 3y agoAnd temporarily plugging leaks was exactly the right thing to do during a temporary world-wide crisis like COVID.
- walleeee 3y agoI make no claim either way on that, just responding to your other point on inflationary forcings.