Quote:
Originally Posted by McLovin
What’s weird to me is that no one seems to ever mention or recognize that suddenly printing literally tens of trillions of currency worldwide is by definition highly inflationary (devalues the previously existing currency).
It’s like it never happened, or has no consequences.
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Where do you think the Fed's rates should be .... near 0 or at 5, and do you think the Fed should reduce their balance sheet? Of course there are consequences to their monetary policy .... and for all central banks. They don't always get "it" right .... supply chains, foreign oil issues, Covid, consumer spending on cheap credit, etc. .... all factor in.
And "suddenly" was over the last 15-20 years ... not overnight.