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that’s the governments in the EU deflecting blame and not admitting they messed up telling people to stay home, in some countries up to a year, and then paying
by georgeplusplus 2y ago
that’s the governments in the EU deflecting blame and not admitting they messed up telling people to stay home, in some countries up to a year, and then paying those people to stay home (literally money printing) that it had no direct influence on inflation or wasa primary driver of it.
I mean you’d have to be completely stupid to believe that what they did had no impact on inflation.
- ifwinterco 2y agoIt's definitely controversial and in the short term it's probably dwarfed by other factors (velocity of money and external factors), but it stands to reason that if M1 increases by 300% while population remains roughly static and GDP increases by 50%, in the long run there will be inflation. If tripling the amount of base money has no effect then logically destroying 70% of the base money would also have no effect, but I never see people advocating that