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by onlyrealcuzzo
2561 days ago
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I hear everyone saying this. It seems like 12-years of global QE is gonna cause a massive spike in inflation. Everyone's valuing things as if there's been hardly any inflation since 2007. The reality is, there's 120% MORE narrow money (M1) today than there was in 2007. There's also 74% more board money (M3). Has there ever been a long period (12 years, in this case) where we've had only ~25% inflation with ~120% growth in the money supply? Naively, it seems like there's either too much money (not sure how you solve that) or everything is too cheap. |
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