Posted on 04/26/2022 8:08:35 AM PDT by Red Badger
"We printed too much money and didn't think of unintended consequences"
- IMF Director Kristalina Georgieva pic.twitter.com/X7FfBCLOMC
— Crypto India 🔑 (@CryptooIndia) April 22, 2022 Kristalina Georgieva, director of the board of the International Monetary Fund (IMF), said the following during an event hosted by CNBC on Thursday:
KRISTALINA GEORGIEVA, IMF: I think we are not paying sufficient attention to the law of unintended consequences. We take decisions with an objective in mind and rarely think through what may happen that is not our objective. And then we wrestle with the impact of it.
Take any decision that is a massive decision, like the decision that we need to spend to support the economy. At that time, we did recognize that maybe too much money in circulation and too few goods, but didn't really quite think through the consequence in a way that upfront would have informed better what we do.
(Excerpt) Read more at realclearpolitics.com ...
And these people keep saying they’re so much smarter than us.
Malevolent fricking idiots is what they really are.
L
Lying POS... the “consequences” were NOT “unintended”.
We’re not evil, we’re just stupid.
Unintended? Inflation is always the consequence of putting too much money into circulation. When the Spanish brought back gold from the New World and put it into circulation guess what happened. Whopping huge inflation. You don't make an economy rich by printing money - only a few people who are in line to get the stuff first fresh off the printing presses.
Course you could always invoke the Roberts rule - it's a tax, which it is.
Statements like this require an old fashioned tar and feathering. Not even joking.
“We printed too much money and didn’t think of unintended consequences”
Well, you can’t really expect the International Monetary Fund to understand stuff like money supply. C’mon! You’d need to find some kind of expert for that if you want to understand the consequences of the policies.
ALWAYS gives inflation absent proportionate increase
in productivity, [their plan]
.... and the loss of the ruling tyrant(s).
[THAT is what is unintended]
Even college students are taught to look at the consequences. There are no “unintended” consequences at this level.
Lying POS... the “consequences” were NOT “unintended”.
Exactly.
All part of The Plan™
What’s next? CDC/FRAUDci saying Maybe We Pushed Too Many Dangerous $hots ??
Creepy Joe claiming Maybe There Were Too Many Nefarious Happenings on Hunter’s Laptop ???
Geez. They honestly think they can get off, from their corruption, so easily??
😂😂😂😂🙌
This woman sounds like a real “genius”.
Does the IMF print money?
But don’t worry - our apparatchiks and PhDs have plenty of interventions and schemes to fix the problems we created!
That’s a lot of people not paying attention to the law of unintended consequences....
why?.../s
It was in the 1st or 2nd grade (as I recall) that I learned that printing money with nothing behind it makes the price you pay for candy bars go up.
Unintended consequences?
Give me a break.
Given the lame attempts to stop them, I’d say yes, they can get away with it, easily..
“We printed too much money and didn’t think of unintended consequences”
Affirmative action degrees are good.
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