I disagree, I think the sudden disappearance of credit and cash flows due to the pandemic would plunge the world in a much more painful crisis if it was not by the central banks injecting liquidity into the system.
Post by twetch#2584
OK. But you seem to think money grows on trees. The Fed is not doing anything other than delaying things and taking a shit on the USD. They certainly aren't making the problem smaller.
What the chain says
- Block
- 635 515
- Time
- 2020-05-19T00:15:13Z
- Signer
- 17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2584
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17mNxa3wLR3UpkxzBHkTQ1ynn6boQ3zGjY VerifiedReplies (7)
FIAT money grows on trees, and so does credit. Think that way, they would have to take a shit, they could choose to do that on the head of people and companies or on the currency.
Shitting on the currency is shitting on everyone. Good businesses will fail too instead of just the ones that can't compete in a free market.
It is where the damage can be least. Not printing money would be a total disaster.
You drank the Kool Aid. Printing money is inflationary poison that doesn't discern between profitable and non-profitable businesses.