2/ I'm curious re your opinions. USD inflation at a rate of 100%/yr for at least 2 quarters running, sometime in next 10 years?
-
-
Show this thread
-
-
4/ deflation is endemic when you have hard currency, because you can't adjust the supply to meet demand so, the Panic of 1837 is a good example of why fiat currency is Good and the Fed Reserve is Good, I'd assert not comparable to 2021https://twitter.com/wraithburn/status/1427261563317243904 …
Show this thread -
5/ still don't understand why we'd ever have deflation when it's trivial to solve with paper and inkhttps://twitter.com/AniRome05496357/status/1427261056485928973 …
Show this thread -
6/ so you're arguing that (a) deflation will happen if we pay off our credit, but (b) we will not pay off our credit, and in fact will borrow more right? so I'm again losthttps://twitter.com/wraithburn/status/1427262644566757387 …
Show this thread - End of conversation
New conversation -
-
-
Very unlikely, unless there is a civil war, which seems to be pretty unlikely.
-
For instance, even Argentina, after years of mismanagement under the Kirchners and decades of impoverishment under disastrous public policies, hasn’t reached these numbers.
- Show replies
New conversation -
-
-
Inflation reaches 7-8% for 2-3 yrs which is enough to shave off a third of the purchasing value or so. Then they enact a federal VAT and raise rates to control inflation and keep the gravy train going. Then we have an asset crash and deflation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Once you're above 15 or 20%, the exact number is mostly academic, no?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.