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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (1421908)	10/13/2023 3:05:12 PM
From: Qone0	Respond to of 1572326

>> If you think profligate spending has no effect on inflation, then Dick Cheney was right. Deficits don't matter. Government should just continue increasing spending at a rate faster than that of tax revenues.<< This HAS happened since at least 1954. This spending is responsible for the steady increase in assets. Money supply only grows through debt, first at the federal level then it is magnified through the fractional banking system. Without it, the economy would be stagnant. This is also why the FED wants 2% inflation. This is the acceptable amount the system needs to keep growth steady. And it is so steady that there is a 33 year pattern that it has put into the market. In 1954 the S&P first traded at 33 In1987 33 years later the S&P traded at 333 In 2020 33 years later the S&P traded at 3333 Now if you want to explain how that would be possible with increasing money supply. Be my guest.