@aussteve posted:You can't print and hand out trillions of dollars in a year and not expect the value of your money to decrease (that means prices go up). Lots more dollars are now chasing a fixed number of products.
It's that thing we don't teach in school anymore called economics.
@Mellow Hudson Mike posted:Is the world suddenly chock full of poorly trained know-nothings? No. There are only a few thank goodness, just as there always have been.
Mike
Here we go with the no-nothings again. Economics is still taught in most schools, at least around where I live, and the current generation is not any more out of touch than any previous one.
I'm not sure that any of us, including the professional economists, fully understand the significance of the size and duration of the disruption to the economy caused by the pandemic, and our response to it. Trying to be prepared in advance for such an unlikely occurrence, and thousands of other ones like it, can only get you so far.
Patience.
Mike
