Rising inflation will probably not be an issue for the next couple of years...
Right. And pigs fly.
Sigh. The PR propaganda machine is starting to turn out more and more b.s. to promote the need for a "new" currency....
“Rising inflation will probably not be an issue for the next couple of years...”
You know, they probably mean rising *price* inflation won’t be a problem. And maybe they’re right. But what they don’t seem to understand is that the trillions of dollars they create out of thin air aren’t evenly distributed through the economy. The new money goes to particular places first, and its lucky recipients get to basically steal goods from the productive sector, just like counterfeiters do.
Couple that with the fact that the Fed is still actively seeking to “unfreeze” the credit market (which wasn’ty frozen in the first place), and you have the perfect recipe for new bubbles. This is how the business cycle gets rolling: a bunch of funny money out there looking for something to invest in.