The alternative is high inflation and shortages.
Yes, this kneejerk reaction has been a boon for the ‘panic goods’ industry.
The Treasury will not allow runaway inflation as they must protect their bond portfolio in order to keep China buying.
You are jumping to 2011-12 and in so doing joining an emotionally driven ideology which will likely disappoint.
“The Treasury will not allow runaway inflation as they must protect their bond portfolio in order to keep China buying.”
In case you didn’t see the article on Friday, 20 Million have recently been unemployed in China along with the closing of 70,000 factories there.
China may no be buying our treasuries like they have in the past. Your asssumptions are naive at best.
The "money supply" is up 70% since October. That is 35% real inflation in one year. The Treasury will not report inflation, but by printing money like candy, they are directly creating it.
There is no intention to protect any market at this point, the target is to beg, borrow or steal anything not bolted down as the ship sinks so they can switch to the Amero when America's sovereignty is scuttled along with the tatters of the Constitution.
Depressions do not "happen" they are crafted.