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Started By
Message
re: Fed hides weekly M1 supply, says "money doesn't matter"
Posted on 5/5/21 at 7:36 am to slackster
Posted on 5/5/21 at 7:36 am to slackster
quote:
He’s not wrong. Are you suggesting he is?
You need actual velocity of money to trigger traditional inflation, and then you need that velocity to be maintained for it to be long lasting inflation.
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
I can't imagine how low one's IQ needs to be to think that printing 10 trillion dollars wouldn't have severe consequences. Its materializing now
2
Posted on 5/5/21 at 7:39 am to Strannix
These modern monetary theory guys live in a different world than the rest of us.
Posted on 5/5/21 at 8:54 am to Strannix
quote:
I can't imagine how low one's IQ needs to be to think that printing 10 trillion dollars wouldn't have severe consequences. Its materializing now
You’re putting words into my mouth.
I’m simply pointing out that M1 is a shitty barometer for inflation. It doesn’t tell you anything useful.
Inflation has been the boogeyman that hasn’t happened in any traditional sense for over a decade. Congrats if you’re finally vindicated.
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