re: #44 Last Mohican
Here’s another graph, showing how much new money is already being printed, pre-stimulus
Any economists out there who can help me understand this, please chime in.
Sure
Letting the money supply contract is a bad idea, huge spikes are also a bad idea but the ones done to fight WW-II were acceptable under the circumstances. A steady 2-3% growth rate is probably a good thing in peacetime.