You can get a car loan (a depreciating asset) at 2% these days. Odd things happen when money gets very cheap.
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Not clear how this plus all the liquidity injection doesn't create massive inflation at some point.
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It will.
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I bought an F-150 off
@Carvana in late 2019. This car is now worth $3000 more than I paid for it. Maybe it's supply constraints. More likely it's that the money's gotten less valuable. -
Really? Wow.
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@MetreSteven and@SantiagoAuFund are the deflationists. Their claim is that liquidity has not been injected — money instead is being taken out of the system and there’s a dollar shortage. The best historical analogy is Japan and its continuing deflation.Thanks. Twitter will use this to make your timeline better. UndoUndo
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That has been the case for at least the last 20 years though? I somewhat buy into the premise but increasingly less... hate to hand a W to the MMT crowd but gotta admit the evidence is making it look more like superstition.
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increased inequality + rich people saving / investing tons of money means lower interest rates are barely stimulative
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If production increases
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