You’re absolutely right. The Fed is blowing a trillion dollars of paper “money” into circulation, but where is the corresponding trillion dollars’ worth of real-world value? Did we capture an asteroid made out of rhodium or something?
I’m with you. Re-inflating the bubble with worthless “money” only delays the inevitable. We need to reconcile ourselves to reality and let the chips fall where they may.
Excellent point - and needs to be repeated.
Chopper Ben is doing exactly what he said he was going to do. He warned us in no uncertain terms. Drop money from a helicopter and that is what he is doing. The funny thing is, many have accused him of pumping since the day he became Chairman but in reality, he hasn’t, not until now.