This is the kind of destructive and blind magical thinking that gets people into trouble, and ruins lives.
There are boundaries on how much you can inflate before it causes cascade failures at a societal level. We've already hit a number of them, and stagflation indicators we have already seen will force interest rates low very soon, but at the same time balloon hyperinflation because the deficit spending rate and interest on old debt exceeds growth (GDP annually).
Being dependent on foreign goods due to systemic lack of local manufacturing creates similar conditions as previously seen in the Weimar Republic.
Ray Dalio's Bridgewater Associates wrote a report and case study called Big Debt Crises. They make the argument for beautiful deleveraging but their conclusion about that neglects boundary conditions imposed by producers, and consumers in concentrated markets.
The aggregated data in this report makes a sound argument against the conclusion that you can print indefinitely.
Its a matter of what breaks first, producers or consumers. At the point consumers can't get food, unrest occurs violently, this prompts stockpiling, shortages ensue and self-sustain. Economic collapse is not that long after.
There are boundaries on how much you can inflate before it causes cascade failures at a societal level. We've already hit a number of them, and stagflation indicators we have already seen will force interest rates low very soon, but at the same time balloon hyperinflation because the deficit spending rate and interest on old debt exceeds growth (GDP annually).
Being dependent on foreign goods due to systemic lack of local manufacturing creates similar conditions as previously seen in the Weimar Republic.
Ray Dalio's Bridgewater Associates wrote a report and case study called Big Debt Crises. They make the argument for beautiful deleveraging but their conclusion about that neglects boundary conditions imposed by producers, and consumers in concentrated markets.
The aggregated data in this report makes a sound argument against the conclusion that you can print indefinitely.
Its a matter of what breaks first, producers or consumers. At the point consumers can't get food, unrest occurs violently, this prompts stockpiling, shortages ensue and self-sustain. Economic collapse is not that long after.