Oddbean new post about login | logout No imbecile, to avoid inflation you simply have to take away the power to create money from the central banks. But what are you going to say if you are subsidized by the state? The inflation created by the state debt is only a part of it, you have left out all the inflation generated by the loans and subsidies of the private sector from which you benefit, you fucking hypocrite. https://m.primal.net/KBVD.jpg
Yea he’s a welfare queen
he's literally what the government spends on also, central bankers are getting too much flak. They just regulate the flow of cash and create/destroy currency as and when needed to control inflation. these bastard politicians who set fiscal policy is what causes the problem. the CB's only do one thing, not saying they aren't influenced by the fiscal policy, but when it's enforced because it wins votes "eveyone gets a stimmy check" the CB has to print. IMO US CB is cooked, why print $7 trillion unjustified production, without the actual production. True central bankers (in other countries) would have averaged it out, maybe only printing $2 trillion to stimulate stagnation. 7 trillion is a lot, imo was a cash grab more than anything else, with everyone else paying for it. "we'll make more weapons, fund more wars and make the money back" - hence the world we have today :) America, ladies and gentlemen - hasn't changed since world war one.
Come on man, stop giving that rat attention 😁 I'm here to avoid that guy's bullshit and so can you 💜
Actually most inlationary currency expansion is done by banks themselves, each bank prints dollars to lend out, watch anything by George gammon or Jeff Snider Most dollars "in existence" something like 200 trillion or so are created by the shadow banking system also called the Eurodollar system
And increase production
A lot of people are looking at musk like he is some savior. I am yet to be convinced
