Economists only: What is the downside of printing and distributing trillions of dollars in an environment in which inflation is nil and demand is low? Who loses and when? @joshgans
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Not an economist but educated layman. The unrealized predictions not only of hyperinflation but basically negligible inflation since 2009 QE taught me that right wing models on relation of money supply to inflation were seriously flawed.
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I've been expecting our economy to collapse from devaluation of the $ due to the Fed printing money since Carter. Common sense. But it hasn't happened yet. I think Scott's point is, nobody knows when if ever it's too much. Apparently you can't get delivery of gold and silver now.
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They say history doesn't repeat, but it rhymes. But they don't say the specific rhyme: Dactylic Hexameter *Dactylic Hexameter*
#thanksalotyouvebeenagreatcrowd
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Recognizing the laws of economics is no more advocacy of history repeating itself than is noting the same when you observe an apple falls every time you drop it.
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I've been expecting our economy to collapse from devaluation of the $ due to the Fed printing money since Carter. It just seems like common sense. But it hasn't happened yet. I think Scott's point is, nobody knows when it's too much.
End of conversation
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Got the Kindle edtn so can't find the p. 66 quote. Mark Twain said history doesn't repeat itself, but it rhymes. Until human nature changes, history will be valuable not because it repeats or predicts, but as a guide to human nature. It expands one's range of experience.
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Look for the history chapter.
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