Posted: Mar 24, 2020 8:14 am
I know it's correct, and your views on infinity are absolutely irrelevant.
If I have 12 apples and tell you that you can eat an unlimited amount of them, the maximum you can eat is 12 - not 'infinite' apples.
Similarly, printing money in sufficient quantities makes the value of that money depreciate to the point where it would no longer be worth printing money as the cost to do so would outweigh the value of the currency - they'd stop long before that occurred which is also an infinitely quantity prior to infinity.
Thus the point is and was that they are not going to print infinite money; what they actually said they'd do is borrow money in order to make it available to be lent to business.
jamest wrote: However, for all intents and purposes, when a governing body (the financial element of it) declares that it is willing to print money forever until a problem is (hopefully) fixed, it effectively renders the value of the dollar as approaching zero, forever. Equals a subsequent lack of confidence in the dollar because of decreased value as imposed by the FED itself and then hyperinflation.
You're over-exaggerating.
It will certainly lower the value of the dollar - more currency in circulation results in inflation, that's not a point of disagreement.
But no one's said they'll print money forever until the problem is fixed - you're jumping to unwarranted conclusions and you're also being exceptionally naive. That naivety is multifarious: i) you believe Trump's administration, which is totally unwarranted even in the best of times - he doesn't have a fucking clue what he's talking about when it comes to the economy, somebody's already probably tried to draw him a cartoon in crayons explaining why printing money isn't going to solve any economic issue ii) investor confidence - promising to shore up businesses with loans is an attempt to prevent the lowering of confidence and prop up the stock-market - it may not work, but your characterization of it is off-base iii) you seem to think they're just going to abandon all fiscal sense and destroy their economy, but you've alighted on that from nothing other than your own wrong-thinking; the amount of bonds needed to be bought to maintain market functionality is not infinite, it's not even necessarily an awful lot, and you're overlooking the fact that this is to offer loans which will be repaid at interest.
So your summation of the problem is nearly devoid of reality and has just leapt into fantasy you think conforms to the ideology you've been trotting out here you presumably picked up from some dodgy Youtube conspiracy channel.
Supplies ARE NOT LIMITED. Don't be in the business of promulgating panic-ridden bullshit jamest. There are no limitations on supplies, only constraints on logistics with people panic-buying based on poor reasoning.
Food is absolutely not in short supply - if demand remains stable, there'll be no shortage. It's only when numpties get it in their head that the end of the world is nigh and start panic-buying that the demand can briefly outstrip the stocked goods in a given location. In fact, with restaurants and other eateries closing, the fact is that there will be a significant surplus of food goods available.
jamest wrote:Then all of those people, who no longer have jobs, won't even be able to afford to buy something as basic as a loaf of bread. The consequences? People will starve and the government will have to print even more money, though this time nobody will want to buy their bonds etc.. Equals the end of the US dollar.
This hasn't happened, there's no suggestion it will happen, you are once again indulging yourself in a fictional apocalypse scenario. Perhaps this kind of thing gets you off - I dunno - but it's not rational whatever it is.
jamest wrote:That's where we're heading, I shit you not. If I can save just a handful of indiviuals, even one, by writing any of this, then it's been worthwhile.
Save your attempts at convincing me you know what you're talking about after just having SHOWN you don't.
You can save no one jamest because you don't have a sufficient grasp of reality to offer any tangible help at all. All you're selling at the moment is blind panic.