A very smart friend who is not red tribe, and is not prone to hyperbole is discussing the ongoing collapse of the Mandate of Heaven, and suggested the chance of ~ 100% annual inflation as said Mandate unwinds This does not seem likely to me...but maybe normalcy bias on my part?
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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?
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ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1
3/ hmmm... expand, plz?https://twitter.com/wraithburn/status/1427256386287722499 …
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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 …
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ⓘ Dogs don't have thumbs Retweeted Anastacia Romero
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 …
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Anastacia Romero @AniRome05496357Replying to @MorlockPInflation 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.2 replies 0 retweets 12 likesShow this thread -
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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 …
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ⓘ Dogs don't have thumbs Retweeted John Walker
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Replying to @MorlockP
Now, now. Why would anyone worry about inflation?
https://fred.stlouisfed.org/graph/?g=Ga8W pic.twitter.com/8oTZe6sLfK
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