is because it's still performing a function in the market
but here's the thing: Austrians were so sure they were right in 2008 that they said, loudly, that 1/
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stimulus and rounds of QE would trigger near-term inflation. They said it again when QE was 2/
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about to phase out. When it doesn't happen they blame other factors, lengthen the time horizon 3/
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but since it didn't happen, maybe consider the liquidity trap story? 4/4
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right - but Keynesians (and others) also made incorrect predictions about effects of stimulus, many times
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sure, but this one was a doozy. triple the money supply, virtually no price inflation... gotta deal with that.
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I agree
End of conversation
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