Post
Topic
Board Mining (Altcoins)
Re: Stupid plan or not bad at all?
by
Metroid
on 12/11/2021, 08:32:43 UTC
Tapering my ass. They can't taper shit. They knew the money they printed last year and this year was going to cause inflation yet they did it anyway. Now you believe they are going to take that money back? Then why did they print it in the first place?

Maybe they will taper some but it won't last for long and the moment stocks start crashing, they'll print even more.

That is what happens when people dont work to produce goods and get free money from the government and there are only few to produce goods, workers are at homes, less supply and still same or higher demand = inflation, prices rise. Competition drives prices down, no competition drives prices up, economics 101. Anyway, as tapering happens and people dont get anymore that free money from the government then they will have to go back to work and earn the money, product prices will once again drop because competition will once again be fierce.