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.
Facepalm. Wealth cannot be created from thin air. Accounting shenanigans can transfer wealth from one party to another, but does not create new tangible stuff.
You seem a bit confused sir.
Money can be printed without inflationary consequences.*
That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.
The total global pool of assets has just increased.
Wealth, from nowhere.
*If you happen to be the global reserve currency.