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by lisper
823 days ago
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> It didn't save the day. It absolutely did. Unemployment during the Great Depression reached a high of 25% and was above 15% for nine years (which would probably have been longer if not for WW2). Unemployment during the covid pandemic reached a high of 15% and dropped below 4% less than two years later. > it just hyperinflated the bubble. It didn't do that either. Inflation reached an annualized high of 9.1% in June 2022 and is now down to less than 5% less than two years later. That is not hyperinflation. Hyperinflation looks like this: https://apnews.com/article/argentina-inflation-december-annu... |
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