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Governments used QE to soften the shock from covid lockdowns and basically subsidise the economy. We are now seeing the consequences of that decision.
by Magnets 4y ago
Governments used QE to soften the shock from covid lockdowns and basically subsidise the economy. We are now seeing the consequences of that decision.
- orblivion 4y agoI perhaps could have specified that part of the prediction was that if QE was used substantially more to deal with said shock, it would lead to hyperinflation. What we have now looks (to me) like bad inflation but not hyperinflation.