Quote from: RE on Feb 15, 2024, 12:47 PMSpeedy was on the HI side of the debate while Nicole argued for Deflation. As it turned out, neither outcome was entirely true, as the newly printed money mainly disappeared into the Black Hole of Bailouts for the banks and reappeared on the balance sheet of Federal Debt which the Taxpayers will never pay off.
In fairness to them, I believe much of this hyperinflation/deflation debate centred on the premise on what outcome would occur once the shit hits the fan. We have not reached that moment yet, so this debate is still, to me at least, an untested theory. Once we start seeing systemic collapse of worldwide banks then that would be the real acid test on whether the hyperinflation/deflation wins.
Shame about his death. Never knew he was such a pro-Russia man but would agree pulling a stunt like that was likely to end in tears.