OK. So have we reached a point where we will never see another recession? It seems like the global financial system has determined that printing money is the way out of any financial woe. It seems like the normal business cycle has gone by the wayside. It's just up-up and away from here on out. QE and more QE.
Conventional wisdom says that the more wealth that is created would cause rising prices of goods and services and tangible assets. However, according to the government's inflation numbers, that isn't happening. How can it not be when you have more dollars chasing after the same assets/goods/services?
Are we really in an era of masking true inflation numbers and printing money to the point the dollar is going to be like the peso in the not-so-distance future? At what point does this model break?
Or, am I just imagining things? I'd like to hear other's thoughts.
Conventional wisdom says that the more wealth that is created would cause rising prices of goods and services and tangible assets. However, according to the government's inflation numbers, that isn't happening. How can it not be when you have more dollars chasing after the same assets/goods/services?
Are we really in an era of masking true inflation numbers and printing money to the point the dollar is going to be like the peso in the not-so-distance future? At what point does this model break?
Or, am I just imagining things? I'd like to hear other's thoughts.