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by _Tev
2755 days ago
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Thanks for reminding me of that Brazil crisis, that was definitely too-much-money-printing. But as you point out, it did get handled. Which brings me to my main point why I don't believe the hyperinflation scare: > I was convinced we would have high inflation when the Fed increased the money supply during the financial crisis MANY people were. But the "mainstream economist" camp of Krugman, Summers, etc. was clearly proven right in this scenario. Adding to that the Euro crisis in 2012 (which disappeared the moment ECB commited for real to saving the euro) and I became sceptical to supply side economics ... And the doubt never disappeared - once you stop to implicitly believe in "sound money", "gov't intervention is bad" or "inflation is bad" their theories fall apart completely. And central banks & their actions suddenly start to make so much sense. BTC & other crypto loses it. And I've seen no arguments to convince me otherwise. So I _do_ believe our current low inflation to last for a really long time. If EU falls apart and there will be another war in mid.east and trade war between China & USA erupts we will get it higher, but that's the only way I can see it getting there. Because we keep appointing way too sensible economists to central banks :) |
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