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by imtringued
1921 days ago
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>I fundamentally believe printing as much money as we are across the rich world is going to lead to disaster, just as it has time and again in the developing world (see Venezuela, Zimbabwe, Argentina, Brazil, etc.). When will the US government repossess farms and corporations? Once that happens I can guarantee that hyperinflation is going to happen. Another way is to just bomb the USA's means of production. Those are the primary ways hyperinflation happens. By destroying the ability to exchange currency for products and services the perceived value of the currency becomes worthless. It doesn't even take an increased money supply for it to happen, it merely accelerates hyperinflation by adding additional money into an economy where the velocity of money is at its peak. >If anything, Austrian economics is a reversion to the standard theory of economics for thousands of years. The “innovation” of Keynesian economics is one of the greatest evils ever perpetuated on society. But again - what do I know - I don’t have a PhD from an Ivy. I just protect my assets in a zero-interest world by avoiding government threat. According to Keynesian economics we would have to print significantly less money. Whatever is happening right now is neither Keynesian economics nor MMT. It's a pump and dump for rich people. |
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