And the government could use the funding new QE could provide to it to provide the pay rises people so obviously need to protect them from inflation.
Sheesh.
And the government could use the funding new QE could provide to it to provide the pay rises people so obviously need to protect them from inflation.
Sheesh.
I’ll not ask for a new wallet for Christmas then, but a wheelbarrow.
What was it that turned a run of the mill accountant into such an utter fvckwit, populist fascist?
Venezuela?
You spelt Mugabenomics wrong…
Surely this is satire, nobody can be that stupid.
“Surely this is satire, nobody can be that stupid.”
He actually is that stupid.
Arsonist proposes filling fire engine tanks with petrol.
Does Venezuela have an unlimited currency swap line with the Fed?
Spud claims that there is no evidence that QE causes inflation. You can’t be that moronic.
What was it that turned a run of the mill accountant into such an utter fvckwit, populist fascist?
When men choose to believe in God, they then become capable of believing in anything. (To mangle Cammaerts)
Master one illogical fallacy & all other illogical fallacies become as easy as falling off a log.
I believe, therefore it must be true.
What was it that turned a run of the mill accountant into such an utter fvckwit, populist fascist?
A heady combination of grant money, likes, retweets and universities prepared to give him a professorship in grift.
What was it that turned a run of the mill accountant into such an utter fvckwit, populist fascist?
Populist? Hardly anyone’s heard of him, and most of the few that have wish they hadn’t.
I suspect the fascist was in there all along and when the fuckwittery did for the accountancy, out it came to play.
How come QE failed to cause the inflation that central banks wanted and predicted from 2008 to 2019?
@ aaa A heady combination of grant money, likes, retweets and universities prepared to give him a professorship in grift.
“During seasons of great pestilence men have often believed the prophecies of crazed fanatics, that the end of the world was come. Credulity is always greatest in times of calamity. Prophecies of all sorts are rife on such occasions, and are readily believed, whether for good or evil.”
Charles MacKay, “Extraordinary Popular Delusions and the Madness of Crowds” 1841
Does his analysis apply to his own analysis?
Rsm
It did across almost every asset class – look at equities, commodities, real estate and collectibles – also see derivatives and crypto. The point being twofold – money supply figures were not recorded generally by governing authorities and the methodology for calculating money supply hadn’t really advanced beyond the early 90s so much inflation was shielded. Where you do hit the jackpot is on your timing. In 2020 as part of the single greatest crime in world history (the response to COVID) this inflation has been directly monetized and that’s what is causing inflation. The delayed impact of the earlier QE is why I think Inflation will be much more persistent than markets are pricing in. As Asset prices for Equities and bonds collapse the money will seep into the ‘real’ economy. Wheelbarrows are definitely a strong investment, particularly if a progressive coalition follow the suggestions of Blanchflower/ Murphy.
Van_Patten
Once again, why should nominal inflation even matter when we can use scientific notation to fit astronomical numbers on bankcards, rendering physical wheelbarrows wholly unnecessary?