>professor? >surely not an economist? >amherst in bio every fucking timehttps://twitter.com/profwolff/status/1448680245406564354 …
-
-
This Tweet is unavailable.
-
-
Replying to @eigenrobot @chopstickfury01
in reality it doesn't. macroeconomists hate this, but plot cpi and exchange rates on the same plot. makes it look like different segments of the dollar market basically completely disconnected. the truth is that CPI "inflation" has virtually nothing to do with monetary inflation
2 replies 0 retweets 1 like -
Replying to @fakegeekguy @chopstickfury01
what do you think would happen if the fed printed three hundred fifty quadrillion dollars and gave every american a million?
2 replies 0 retweets 0 likes -
Replying to @eigenrobot @chopstickfury01
never been tried! probably you'd see CPI increase that lead PPI increases and exchange rate increases, but the Fed simply doesn't have this power
1 reply 0 retweets 1 like -
but the fed "printing money" does not necessarily increase the money supply --- in particular, QE swaps "printed" reserves for treasuries... but treasuries have higher money velocity than reserves! so it actually shrinks the money supply
2 replies 0 retweets 1 like -
this is in contrast with coronabucks, which did drive transitory increases in CPI --- it's the giving the million dollars to Americans that causes CPI increases, not the printing
1 reply 0 retweets 1 like
to be clear that probably came off as cranky, unintended, I'm trying to wrangle a baby 
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.