expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.
The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.
I wouldnt be so sure about that.
HM, I am at a loss of the meaning. Money from thin air?
My opinion is: garbage in-garbage out, but maybe with some delay.
Personally, I believe in reality that does not involve "helicopter" money.
The US$ role as global reserve currency afford the US government certain liberties, such as creating wealth from thin air. The flipside is you cannot be the global reserve currency without perpetual nominal trade deficits, something that Trump is far too dumb to understand.
money printing != wealth
So, they print more. How, exactly, it creates wealth?
It's exactly the opposite.
re nominal deficits-there I can agree. You cannot be a world's reserve currency and not run a deficit.
According to classical economics, money printing != wealth on the assumption that money printing = inflation
Now riddle me this.
When was the last time that the USA had an inflation problem, and how much money has been printed since then?