3 ms·

It was literally unsustainable then as it was in 1933. Unsustainability, now that it is pure fiat, has to be defined in order to answer the title question. The

It was literally unsustainable then as it was in 1933. Unsustainability, now that it is pure fiat, has to be defined in order to answer the title question. The definition of such, may differ from person to person or entity to entity. In my opinion it is unsustainable when the inflation from printing to pay the interest or rate hike recession causes social unrest. We are arguably in the midst of that right now, though very few people realize how their lives are being impacted by the printing of money. Stable means of exchange is the single most important factor in preventing revolution. The fed is in a bind. Print and inflate or QT/rate hike and recession. They've been putting a thread through the eye of the needle. The eye is getting smaller and the thread bigger everyday. One day they won't be able to sew.

denton-scratch 3y ago
> very few people realize how their lives are being impacted by the printing of money Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings. My savings are mainly real estate, which inflates too; so I have some protection. But if inflation gets wild, the property bubble bursts. There's no fail-safe way to inflation-proof savings; when governments implement policies that they know will increase inflation, they are deliberately robbing pensioners, who can't protect themselves.
- ghastmaster 3y ago
  > Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings. Most whom I talk to think the president causes inflation, seemingly out of thin air. They are not able to articulate how inflation actually happens via money printing. They support the majority of the spending items, but cannot connect the dots.

denton-scratch 3y ago

> very few people realize how their lives are being impacted by the printing of money Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings. My savings are mainly real estate, which inflates too; so I have some protection. But if inflation gets wild, the property bubble bursts. There's no fail-safe way to inflation-proof savings; when governments implement policies that they know will increase inflation, they are deliberately robbing pensioners, who can't protect themselves.

ghastmaster 3y ago
> Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings. Most whom I talk to think the president causes inflation, seemingly out of thin air. They are not able to articulate how inflation actually happens via money printing. They support the majority of the spending items, but cannot connect the dots.