Quote:
Originally Posted by Enoch Root
I don't want to get off topic, as this thread is doing well on that front, but you have to take things in context: yes, all else equal, you can't print money like drunken sailors for 14 months without creating inflation. However, due to Covid, the global engine had stalled, so revving the engine hasn't caused the over-heating it normally would. Going forward however, that spending is going to start having consequences, which is why there has been concern recently, and increased discussion about inflation.
Anyways, just wanted to comment on that, but I am not going to debate it any further in this thread.
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If interested - I found this podcast episode to be interest on this subject -
https://www.nytimes.com/2021/09/17/o...am-tooze.html? Its an hour long - so probably not a big uptake but I found it interesting