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> Money printing on a large scale leads to massive inflation That depends on how you define "on a large scale". The UK government has printed £375 billion betw
by cabalamat 13y ago
> Money printing on a large scale leads to massive inflation
That depends on how you define "on a large scale". The UK government has printed £375 billion between 2009 and now (that's c. £6,000 per person) without causing inflation.
- anigbrowl 13y ago£6,000 per person over 4-5 years isn't really that much, though, maybe 3% inflation on an average income of £30,000. Recall that in the days of the Weimar Republic, people were carrying bundles of millions of Reichsmarks.