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A comment on Paul Krugman Goes for a Knockout Against Scrappy Austerians. Parent comment

Re:Paul Krugman Goes for a Knockout Against Scrappy Austerians by wavefunction on Wednesday June 24, 2015 @12:28AM (#9769569)
Regarding quantitative easing, I would actually assign support for pursuing to the pro-austerity camp as it devalued the dollar and caused the average consumer's purchasing parity to decrease. It was austerity applied to the population at large to solve the problems caused by only a fractional portion of the population in the US.
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Re:Paul Krugman Goes for a Knockout Against Scrappy Austerians by jbooth on Wednesday June 24, 2015 @12:49AM (#9769651)
But it didn't devalue the dollar, inflation's been really low for the last 7 years.

Honestly it doesn't make much sense, and should really make people hesitate to pursue deflationary measures. China's fiscal policy does serve to deflate the dollar, so that counterweights QE a little, but that much? Maybe, I guess?

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