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To: CurlyDave

Interesting theory.

I’m gonna say no because it’s global. Not everywhere did stimmi but they all have inflation.


28 posted on 10/12/2022 11:12:20 PM PDT by Owen
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To: Owen
...I’m gonna say no because it’s global. Not everywhere did stimmi but they all have inflation...

Inflation is contagious among nations. As soon as one gets a serious case it spreads like wildfire.

The reason is that if a nation sees its currency become stronger than its neighbors, its exports go down and its imports go up. This kills domestic emoployment. It is advantageous from an employment standpoint for every nation to have a weak currency.

This is why the dollar strengthened against the British Pound even though we have seen 8-9% inflation (18% if you look at shadowstats) They had even worse inflation than we did.

31 posted on 10/12/2022 11:49:43 PM PDT by CurlyDave
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