Why not mention the reason that people expected prices to come back down? Because before the Fed was created, for the previous hundred years, they had fluctuated up and down, but always reverting to the mean, they didn’t go up and stay up. It’s not, as implied, some kind of natural law that we discovered that prices always go up. They go up long term because of money printing, paper or digital.
Why not mention the reason that people expected prices to come back down? Because before the Fed was created, for the previous hundred years, they had fluctuated up and down, but always reverting to the mean, they didn’t go up and stay up. It’s not, as implied, some kind of natural law that we discovered that prices always go up. They go up long term because of money printing, paper or digital.