[daxorid]

These people aren't wrong, though.

Powell has printed $6T, and the DXY has gone nowhere but up, along with the SPY and the QQQ and the DJIA.

Every single Thursday, we report more job losses than expected, and the market screams higher.

As much as we'd like to think there will be consequences to printing money, the evidence is in that there won't be, either in currency value or market confidence. MMT has proven itself correct.

[mindslight]

You don't seem to be taking into account that stocks shooting up is itself the inflation. The stock market is completely disconnected from the economic forecast, because money remains easy for wall street despite everything happening on main street.

[syshum]

Short term you are right, as most of the printing has not actually found its way back into the economy in any real way

Long term however you are very very wrong

Further the Stock market is not a good indicator of economic health, never has been. Stock market is largely irrational

[A4ET8a8uTh0]

Has it? The argument could be made that US financial health is worse now than in 2008 and not better. Wall Street gorging on free money is not really a good argument right now if the country is literally on the verge of falling apart.