Re:Low interest rates in advanced countries have pushed mone...
by imtringued on Thursday November 25, 2021 @03:16AM
(#29339317)
My interpretation of the current economic situation is that we dodged the great depression because our money supply is more flexible than a gold standard but now confidence tanked and the recovery is massively delayed.
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Re:Low interest rates in advanced countries have pushed mone...
by po1nt on Thursday November 25, 2021 @03:22AM
(#29339346)
But as we can see the money are flexible in only one direction. You can print more money when times go bad but will you burn it when times are good?
This is like saying we dodged withdrawals by taking more of the drug.