Why There’s NO Inflation

Ok, let’s set the record straight:  you need two things for inflation.  You need to print money and you need monetary velocity (people spending).

Question:  why is there no inflation?

The answer just isn’t a lack of velocity.  The real answer is discerned how QE replaced or offset seized credit channels.

Don’t worry, the technocrats in sweet suits aren’t taught to think synoptically.

More on this another time. . .

About William Holland

Systematic Theologian/International Relations
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