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The problem is utterly simple. If you print dollars (created out of nothing), the value of each dollar goes down, since nothing of value has been created or de
by cpr 3y ago
The problem is utterly simple.
If you print dollars (created out of nothing), the value of each dollar goes down, since nothing of value has been created or destroyed. You have more dollars chasing the same value.
But of course the official narrative has to shield the Fed from criticism, so they can run the dollar machine with impunity.
- senectus1 3y agothis lever on inflation is delayed though. like they print a billion today, we dont see the inflation effect for a couple of years. there are other effects that trigger inflation as well.