Why QE Is NOT Money Printing | Emil Kalinowski & Jeff Snider
Inflection Point
00:00
There's Not Inflation in the Economy
Jeffrey Toobin: People think i'm crazy, but there's no textbook inflation. But monetary inflation means that there's too much money chasing too few goods. He says prices of all goods need to go up time and time again. Inflation is a monetary phenomenon; if there isn't the money, there isn'tthe inflation. So when consumer prices went up so far this year, it's not inflation. It was just a spike in consumer prices. We only need to go back to two thousand eight to see something similar. And nobody today convinces two thousand eight with an inflationary background or condition because it was obviously deflationary. You use the word interstrate fallacy for markets
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