Comment by slopinthebag
5 hours ago
I would argue that any policy that allows the government to print money freely and inflate the currency is a major thing wrong with a country.
5 hours ago
I would argue that any policy that allows the government to print money freely and inflate the currency is a major thing wrong with a country.
And you'd be wrong. It's not even difficult to understand why. Uncontrolled inflation is bad. Deflation is much, much worse. You do not want deflation. It rots your economy and nukes lend and spend. We trade a small amount of inflation to avoid the nuke that is deflation.
This is, like, one of the few things economists -- even most of the crazy ones -- agree on.
Several of them would have protested if they could have found the right arguments.
the best way to expand your worldview is to consider that time series charts do not tell a whole, or even accurate, story, a lot of the time. for example, looking at a chart of a line going up and to the right for money supply isn't as meaningful as you think it is.