Comprehensive-Belt40 t1_jdcvktw wrote on March 23, 2023 at 2:22 PM

Reply to comment by NarcolepticTreesnake in Why This Banking Crisis Won’t Wreck the Economy by unbounded-dot

Exactly.. I'm sure they will drum up something else.

NarcolepticTreesnake t1_jdcw7cn wrote on March 23, 2023 at 2:26 PM

I'm not sure what that can possibly look like besides giving away unlimited money without any collateral purchases. Not doubting that that could happen but that certainly could not go on for very long.

Comprehensive-Belt40 t1_jdcwiir wrote on March 23, 2023 at 2:28 PM

I think it will be a global effort to cover the lid.

Maybe that's when CBDC is out to ensure people spend money. The Chinese have a provision in their CBDC that gives expiration date to money in order to push people to spend.

Crazy idea?

It was also crazy that central bank can just print money as much as they want 50 years ago.