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I wouldn't call the inflation that ravaged the world and real estate prices beyond the means of the middle class "saving". His quantitative easing and zero int
by redlock 1y ago
I wouldn't call the inflation that ravaged the world and real estate prices beyond the means of the middle class "saving".
His quantitative easing and zero interest rate policy only saved asset managers and corporate balance sheets.
- epistasis 1y agoLook back at expectations at the beginning, and you'll see that nearly everybody was predicting massive recession and even hyperinflation. Balaji bet $1M that there would be hyperinflation: https://news.ycombinator.com/item?id=35201728 https://news.ycombinator.com/item?id=35201728 Yet that didn't happen. We dodged a major bullet, and survived far better than the rest of the world. We must look back at predictions and outcomes with clear eyes, not with the narratives that are being sold in the current day.