Prove to me that the FED printing money is actually a bad thing

Prove to me that the FED printing money is actually a bad thing.

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nytimes.com/2020/08/04/your-money/mortgage-loans-credit-cards-coronavirus.html
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The burden of proof is on claiming it's a good thing

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It's good for crypto so it's good for me.
Go on MMT already you dumb fucks.

>other countries dump our treasuries because they're realized to be meaningless IOUs
>fed increasingly is the only buyer of our debt
>currency becomes increasingly worthless
>with stagnating wages and rising prices, it slowly impoverishes anyone without significant assets
>the nature of "quantitative easing" doesn't actually inject money into plebs hands, it just gives banks more reserves to lend against.

Eventually, you get a situation like venezuela or zimbaabwe where anyone who doesn't have assets like real estate or stocks is priced out of anything other than subsistence.

2000 - millions
2008 - billions
2020 - trillions
2028-32 - whatever comes next, but it will be the end anyway

None, if you don't mind trading your wallet for a wheelbarrow.

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It's bad if you don't have stocks
I have stocks.

There's no accountability or transparency and they're basically free to do whatever they want with our economy. It's too much power in one company's hands

As long as there is demand for a currency, inflation is irrelevant.

>PhD in Economics graduate from St.Gallen

Doesn’t matter. Wanna do business with the largest economy in the world?? You better have USD. Wanna do business with the largest businesses in the world?? You better have USD. Wanna invest your countries money in secure stocks and funds??? You better fucking have USD. Don’t wanna deal in USD?? Then go join North Korea, Iran, Cuba and Syria and good luck doing business with anyone else.

this, everyone who has to work for a living and doesnt get a raise near inflation is fucked long term

Libra was an attempt to create a digital currency backed by a basket of currencies. Theoretically, any govt inflating their currency would lead to appreciation in the other currencies and so would reduce volatility. Projects like Libra will have a tougher time though because there are entities that the US govt can go after. This leads back to BTC and governments will adopt it in the future

Mo money mo problems

why are you using information from a video game iditot

If we keep printing money we wont be the biggest economy in the world. By printing money we are not letting the markets decide which companies are valuable and are propping up zombie companies like Japan did in the 90s

It’s great if you own appreciating assets and bitcoin, so yeh it’s not bad unless you’re poor and can’t beat inflation then it’s horrid

governments will not adopt BTC because supply is finite making it worthless.

you think printing is bad so you like BTC but every government in the world disagrees with you so they won't adopt BTC.

If your country produces stuff the US can import, then it's pretty easy to get USD. in fact those producing countries have to much USD and are now starting to buy US stocks and real estate. The gig is up. The US is broke.

this, its not enough for something to be 'not bad', it needs to be shown as good.

This, incels will debate this but if you wanna do business in oil, you’d better use usd or get bombed, the US dollar is backed by tanks, jets and death.

>Supply is finite making it worthless
Then explain why people tend to collect things with limited / finite / scarce supplies
>governments will not adopt BTC
Iran is already using BTC to circumvent sanctions. The number of pro-BTC senators in the US is only going up over time. Any CBDC will not be trusted by other nations. Therefore eventually the only currency that govts can agree that wont be printed is BTC

people collect finite things for different reasons but you are talking about adopting BTC as a CURRENCY and it might be a nice collectible but it's useless as a currency.

It's over when money velocity spikes in USA. Like say when covid is over. It'll start mass inflation. Then all the usd in other countries will get out of usd asap. Then it'll be hyperinflation.

Mass replying for attention:

INFLATION at a steady rate (around 2-5%) is healthy for the economy. The reason it is healthy is because you are losing money by simply hoarding cash. This encourages the rich to invest to avoid losing money which leads to more innovation and economic growth. The problem arises when the FED tries to fix every single problem by printing money and we end up WAY beyond that 2-5% margin.

To what? Us equities? Lol there’s no better, safer currency anymore

>over when money velocity spikes

but why would it spike? Banks aren't lending out more money and are super conservative about who is getting a loan

nytimes.com/2020/08/04/your-money/mortgage-loans-credit-cards-coronavirus.html

the reason why oil companies have a tougher time trading in non-USD denominated oil is because they have a lot of physical infrastructure that can be attacked. Other spaces not constrained by this are already adopting non-USD methods (FinTech, E-commerce, remittances etc)

Yep to any fiat that isn't inflating. But pretty quickly all of them will be. Then we're off to global economic collapse.

It really doesnt matter whether we argue that BTC is a digital store of value or a currency. As its price continues to increase it will be seen as more of a digital store of value. As ecommerce companies adopt BTC (Paypal, Shopify etc) it will be used more as a currency

Because billions of people are currently locked in their home with nothing to do. And once covid is done all of them are going to be rushing out to movie theaters, live shows dining out, travel around the world. They'll do all the things that were stolen from them in 2020.

If a treasury is denominated in USD, and is mathematically guaranteed to generate negative yields, then anything is better is hold. You can see Japan and China dumping them right now.

Don't need to prove shit. Have fun as your shitty trade deficit bankrupt country implodes.

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woah a city with global demand and limited housing stock has prices rising faster than the income of the domestic residents that live there

that's not inflation, it's the effects of globalism and stupid immigration policies. 90%+ of the GTA's net population growth is driven by immigration

>mass replying for attention
Easiest report of my life. Kys newfaggot

na, first were heading to a digital dollar that they can control even easier, this drags it on another century or so . It’ll never “collapse” we’ll be globalised by the time the dollars cooked

you are mass replying for attention but it doesnt seem as though you are actually reading what youre replying to. For your argument, we are already well past that point. If you measure the S&P500 denominated in gold to reduce the effect of inflation, then the stock market is mostly flat. So we can conclude that the majority of stock market gains are a result of money being printed which makes sense given the FED expanded their mandate to purchase corporate debt and ETFs. Furthermore, the gold standard worked for a long time even though the inflation was negligible given its extremely high stock to flow ratio