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The central banks have been frustrated in their insane and misguided aim to increase inflation because QE and ZIRP actually foster the opposite of what central
by joosters 12y ago
The central banks have been frustrated in their insane and misguided aim to increase inflation because QE and ZIRP actually foster the opposite of what central bankers expect. Central bankers and economists think that to get inflation they only need to print more money, not recognizing that the inflation that does result from money printing, asset inflation, leads eventually to consumer goods deflation.
Central bankers are wrong! Economists are wrong! This one blogger knows the truth!
Seriously, it makes me lose all faith in a writer if they so openly and freely trash-talk so many other people.