Coming soon…Deflation – making sure “it” doesn’t happen here
“the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.”
For whole article read here…https://www.bis.org/review/r021126d.pdf
Ah ….a classic blast from the past from Helicopter Ben.
His thesis is about to be tested !
I believe he is absolutely correct.
Well then what are they waiting for …a crash in the markets ?
No! a crash in economic activity.