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The money printing in response to COVID followed by the the infrastructure bill were at a scale not seen before and shouldn't be so easily dismissed in referenc
by parineum 2y ago
The money printing in response to COVID followed by the the infrastructure bill were at a scale not seen before and shouldn't be so easily dismissed in reference to previous deficit spending.
- bryanlarsen 2y agoGermany (and others) printed at a lower rate. If it was a momentary phenomenon, they would have appreciated against the dollar and seen less inflation. Instead they depreciated against the dollar and saw more inflation. Because they had a greater supply shock.
- bryanlarsen 2y agoedit: monetary phenomenon. Autocorrect ugh.