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A comment on Setelinleikkaus: When Finns snipped their cash in half to curb inflation. Parent comment

Re:Setelinleikkaus: When Finns snipped their cash in half to... by johngladtj on Tuesday November 26, 2024 @06:19AM (#42244715)
The people who caused the problem say they weren't responsible for the problem.

Do you see the issue here?

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Re:Setelinleikkaus: When Finns snipped their cash in half to... by ceejayoz on Tuesday November 26, 2024 @09:37AM (#42246129)
That goes both directions, though. Central banks are prone to understating their responsibility for bad things; the gold bugs and crypto hodl folks are prone to overstating it.

The answer likely lies somewhere in the middle. The US's relatively soft landing post-pandemic seems to demonstrate some use of monetary policy in this fashion works.

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