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by parineum 533 days ago
The money printing in response to COVID followed by the the infrastructure bill were at a scale not seen before and shouldn't be so easily dismissed in reference to previous deficit spending.
1 comments

Germany (and others) printed at a lower rate. If it was a momentary phenomenon, they would have appreciated against the dollar and seen less inflation. Instead they depreciated against the dollar and saw more inflation.

Because they had a greater supply shock.

edit: monetary phenomenon. Autocorrect ugh.