>inflation stable since 2009
>money supply QUADRUPLED
How is this even possible? Who got 4x richer by literally printing money?
>>1829910
well the velocity of money fell back as they "printed" the new currency and most of it simply went into the financial markets propping up the prices of stocks and bonds. it was given to banks so they start lending to each other but instead they invested it all and burned some of it to replace bad debt.
>>1829910
>Who got 4x richer by literally printing money?
Bitcoin holders.
>>1829910
If I print ten trillion dollars and bury it in the ground, it's not inflationary
Austrians didn't get that and thought we would have double digit inflation in 2010
>what is money multiplier