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This reminds me of the super inflation a lot of people (including myself) were expecting to see this year. Well, it didn't happen even despite the massive amount money being poured into the economy. Why? My guess is because the economy is that bad. Also, because debt is being transferred and not eliminated, it really shows that the formula the Fed has been using to "stimulate" the economy is faulty, at least at the scale we are at.
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