jdipasq

Ok, thank you. I found a page as well on the "so what" of that. http://www.crfb.org/blogs/cbo-consequences-growing-national-... . It would be interesting to pontificate about how much USD the Fed can print before it does have these bad impacts. Currently it seems we're in a deflationary period bc the velocity of money has gone down so much and people are holding cash. Will be interesting to see how much inflation there is down the line after the $500B extra they're printing now.

The velocity of money, not solely the supply of money, determines inflation.

Actually, I can't draw the logical conclusion myself. What is it?