Re:Lumber mania is sweeping North America
by imtringued on Thursday May 06, 2021 @02:29AM
(#27059829)
Japan managed to have 30 years with unreasonably low inflation.
Remember, the purpose of that money printing is to add money back into the economy while various factors are removing it from the economy. By "economy" I primarily mean the productive part, namely businesses and workers doing work on behalf of a customer.
Somehow the money is not reaching the productive part of the economy. Of course that is changing in 2021, governments finally decided to hand out money directly to those who actually want to spend it and that is a good thing. If it works, then money printing no longer becomes necessary.
Re:Lumber mania is sweeping North America
by andrepd on Thursday May 06, 2021 @01:55PM
(#27066894)
If you are printing money why would you give it to banks and financial institutions, and not to the people themselves? (Assuming good-faith and not the obvious explanation, of course).
Remember, the purpose of that money printing is to add money back into the economy while various factors are removing it from the economy. By "economy" I primarily mean the productive part, namely businesses and workers doing work on behalf of a customer.
Somehow the money is not reaching the productive part of the economy. Of course that is changing in 2021, governments finally decided to hand out money directly to those who actually want to spend it and that is a good thing. If it works, then money printing no longer becomes necessary.