#metoo
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Ok say we prohibit evictions
Landlords default on mortgages (maybe this happens regardless)
Leveraged banks get insolvent fast (maybe this happens regardless)
Money printer goes brrr? Fed just buys mortgages? How does this play out?
Unclear to mehttps://twitter.com/danlistensto/status/1288178022475091969 …
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Replying to @a_nice_man_
I'm not sure this does mean prices collapse Financial panics are pretty deflationary
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Replying to @a_nice_man_
Right, what I mean is it's inflationary /relative/ to a counterfactual; in this case the counterfactual might be sufficiently deflationary that the Fed manages something approximating price stability relative to past periods
3:44 PM - 28 Jul 2020
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