| There are so many issues with this comment, it's hard to pin point any exact one. You're right that it's idiotic to describe QE as "deflationary" (don't know where they go that idea) but QE is neither inflationary nor deflationary as either description would be reasoning from a price change [0]. > The fed has effectively destroyed any price discovery on any assets Don't see why this would be the case - price discovery is relative. All this talk about rioting in the streets - inflation is projected to go down in the next few years, which should help the average American saver. If there is any place for outrage, it's over the Fed not acting forcefully enough! As it stands now, the Feds policy stance is contractionary, just as what followed 2008. [0]: https://www.themoneyillusion.com/never-reason-from-a-price-c... |
Tell me how I'm wrong about housing prices in the last ten years doubling and tripling in some areas. Tell me again how my USD are just fine and buying the same amount of goods and services they did 10 years ago, because I contend their buying power has been effectively halved by the moral hazard presented by the fed and Congress not allowing failures to happen. They're doing the exact same thing right now. How will this end? Deflation? I used to think so but not anymore. JPow even said himself that he has unlimited power to print money. They'll sooner destroy the currency than allow a deflationary depression to take hold.
Again, please, educate me as to what my "many issues" are with any of what I've said.