Re:Stock buybacks are dangerous for the economy
by LeoTinnitus on Tuesday March 17, 2020 @09:36PM
(#22612728)
jesus while I realize that's a generalization that makes me feel a bit better. Also I had no clue other countries hoarded US dollars like that.
Hyperinflation is what happens when banana republics print their entire money supply a hundred times over every year.
How much inflation did we get from QE in 2008? In 2009 the rate of "inflation" was negative, and the Fed has been hitting the low side of their low inflation targets for more than a decade since, despite more rounds of QE and maintaining historically low interest rates. Meanwhile the entire world is hoarding US dollars (which causes deflation) because of this coronavirus.
The number of dollars we would have to print to unintentionally get hyperinflation right now is difficult to even imagine. We could print trillions of dollars and be lucky to get regular inflation.