https://youtu.be/ilfzGplcT-U?si=_pll9yxk1aURSOqV. @ButtWorldsMan holy fuck is George neive do you know why deflation in the thirties is different than RIGHT FUCKING TODAY! Banks don't print money George. Banks can't print gold George.
@MrpoopyButhole @ButtWorldsMan We were on a gold standard back then. No country has chosen to suffer a depression once they go off the gold standard. They ALWAYS choose to print money to "stimulate" the economy.
A lot of "pundits" are saying that the FED won't print because it would cause inflation, and I just roll my eyes.
Of course they will. They ALWAYS do.
@Tfmonkey @ButtWorldsMan I'm just glad I know better and don't lie to myself like George does. Like velocity is just a measure, such as horsepower is just a number that doesn't mean anything without proper context.
@MrpoopyButhole @Tfmonkey @ButtWorldsMan And a Nigger once said a cucumber makes a better pickle