3 ms·
> So, again, if the world economy is damaged what supports $200 oil? Good'ol money printing. > If you keep buying those things then the world economy will rem
by bigbadfeline 7mo ago
> So, again, if the world economy is damaged what supports $200 oil?
Good'ol money printing.
> If you keep buying those things then the world economy will remain strong. Economies are damaged only when people stop buying things.
Boring stuff like stagflation takes care of that.
- 9rx 7mo ago> Good'ol money printing. Okay, so not really $200, except maybe nominally which doesn't mean much today. Per the discussion, what supports $200 oil in real dollars?
- bigbadfeline 7mo ago> Okay, so not really $200, except maybe nominally which doesn't mean much today. Well, it is real $200 - nobody said price inflation would lead to wage inflation, and it wouldn't. > what supports $200 oil in real dollars The only real "real" is the standard of living - when it drops with inflation, comparisons to yesteryear's melted snow don't really matter.
- 9rx 7mo ago> Well, it is real $200 Okay, but then what supports the nominal $300 or whatever value it is after inflation has also been accounted for? We haven't even figured out how a nominal $200 is supported and now you're talking even larger nominal numbers, given the assumption of inflation. > The only real "real" is the standard of living Maybe as an individual, but that has little relevance to a macro discussion.