Whenever a government has started on the path of inflating the
money supply, there is no escaping the negative consequences. If the
central bank stops the inflation, interest rates rise, and a recession fol-
lows as many of the projects that were started are exposed as unprofitable
and have to be abandoned, exposing the misallocation of resources and
capital that took place. If the central bank were to continue its infla-
tionary process indefinitely, it would just increase the scale of misal-
locations in the economy, wasting even more capital and making the
inevitable recession even more painful. There is no escape from paying
a hefty bill for the supposed free lunch that Keynesian cranks foisted upon us. ~The Bitcoin Standard
“We now have a tiger by the tail: how long can this inflation continue?
If the tiger (of inflation) is freed he will eat us up; yet if he runs faster and faster while we desperately hold on, we are still finished! I’m glad
I won’t be here to see the final outcome.”
—Friedrich Hayek
However I've heard that the Austrian economists have severely under estimated how much money the oligarchs/ruling class/cabal whatever you want to call them have taken out of the system panama papers style which would put deflationary pressure on the inflation
There is a reason why it's not illegal or a sin to be racist, because its a mindset. What are we going to do, start being thought police and criminalizing and punishing people for what they think?
Hugeschnoz 1 point 3.9 years ago
Whenever a government has started on the path of inflating the
money supply, there is no escaping the negative consequences. If the
central bank stops the inflation, interest rates rise, and a recession fol-
lows as many of the projects that were started are exposed as unprofitable
and have to be abandoned, exposing the misallocation of resources and
capital that took place. If the central bank were to continue its infla-
tionary process indefinitely, it would just increase the scale of misal-
locations in the economy, wasting even more capital and making the
inevitable recession even more painful. There is no escape from paying
a hefty bill for the supposed free lunch that Keynesian cranks foisted upon us. ~The Bitcoin Standard
“We now have a tiger by the tail: how long can this inflation continue?
If the tiger (of inflation) is freed he will eat us up; yet if he runs faster and faster while we desperately hold on, we are still finished! I’m glad
I won’t be here to see the final outcome.”
—Friedrich Hayek
However I've heard that the Austrian economists have severely under estimated how much money the oligarchs/ruling class/cabal whatever you want to call them have taken out of the system panama papers style which would put deflationary pressure on the inflation
/v/AskVoat viewpost?postid=60b53a2104531
Hugeschnoz 0 points 3.9 years ago
Whites and spics will be in street gangs together but never will spics or whites form street gangs with blacks
/v/Hiddenlol viewpost?postid=60b1a21194ba1
Hugeschnoz 0 points 4.0 years ago
There is a reason why it's not illegal or a sin to be racist, because its a mindset. What are we going to do, start being thought police and criminalizing and punishing people for what they think?
/v/whatever viewpost?postid=60a51a7ba524b