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jphamlore t1_iu60yo9 wrote

Japan has been using an equivalent of MMT for many years now? They were already printing yen to cover their budget deficit and more?

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addictedtolols t1_iu75e1o wrote

japan has "printed" like a quadrillion yen, just like china has "printed" like a quadrillion yuan. but japan is one of the most deflationary places on the planet and china is going to join them eventually. "money printing" causing inflation hasnt been a thing for the last like 50 years

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Various-Way-7219 t1_iu831n8 wrote

>"money printing" causing inflation hasnt been a thing for the last like 50 years

Seeing the CPI numbers in US since 2021....

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InexorableBullshit t1_iu86kzk wrote

Been printing money nonstop since 2009, so that might not be it exactly.

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Various-Way-7219 t1_iu8c0ze wrote

Yes I missed the part where US had 0 inflation since 2009. Oh wait....

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Enough-Crow20 t1_iu63wpj wrote

Monetary "policy". USA is sitting at 8% (manufactured/pretend) inflation now and the whole country is about to go into a depression because "Fed" is being reckless with their authority. Coming soon to a country near you...

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doodlesandyac t1_iu6a357 wrote

They aren’t being “reckless with their authority” covid happened and they had to react to an impossible situation, they overshot it and now need to compensate the other direction

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lostcattears t1_iu6t7ju wrote

What are you even smoking? reacted to an impossible situation? You mean they didn't know that printing 4+ trillion in less than 2 years themselves and that Inflation would not happen and they couldn't foresee their own stupidity?

There was zero control in the way they played out their hand. They were reckless extremely reckless. Everyone at the Fed should be replaced.

We Might of had a small recession with covid. Now we might have depression instead. This one would 100% be caused by the Fed and this would affect the entire world due to how intertwine the USA is with the entire world. This is real Blood on the Feds hand themselves not some bankers/capitalist/criminals.

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doodlesandyac t1_iu6xgdl wrote

Are you kidding me? Covid caused one of the biggest drops in economic output we have ever experienced. Maybe you didn’t notice all the businesses closed?

And yeah people in the Biden administration like Larry Summers warned him about overshooting it and getting runaway inflation. He chose not to listen to them. The US isn’t alone here, most nations did exactly what we did to prevent a global depression

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Enough-Crow20 t1_iu6k2ue wrote

they're being reckless. interest rates are going to 9% by eoy...save this then tell me later...

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doodlesandyac t1_iu6n4lr wrote

Yeah that’s because we are now in a wage-price spiral and the only way out of it is to raise interest rates and temporarily spike unemployment. Do you have a better idea?

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