Comments by "k98killer" (@k98killer) on "The Treasury Markets About To Seize Up" video.

It depends entirely upon the Cantillon effect: what kind of credit will be expanded; who will benefit from it; and what will they demand with their purchasing power. If they print a quadrillion dollars and park it on the moon, but no money or credit enters the real economy to fund consumption, then we would likely experience deflation. If they print just enough to keep the global monetary system from imploding, and it is enough to get the banks to create more eurodollars to fund global production without increasing consumption demand, we might actually see our lives improve a bit. But the current trajectory is something like the Bronze Age collapse, where the "sea people" knock down one civilization after the other, and only the mightiest empire is left standing just long enough to collapse from losing all its trading partners.
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@spechund7109 what I described is not Keynesian economics; it is Austrian economics.
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@spechund7109 the fact remains that my analysis is fundamentally correct. Ludwig von Mises concretely refuted the quantity theory of money in the second part of his book, The Theory of Money and Credit. What matters is not merely a change in the quantity of money but the change in subjective value people place on it as a result of the distributional effects. The bankers can create any amount of monetary units they like in their spreadsheets, but it only matters in how its use and distribution affect the subjective values of economic actors.
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@spechund7109 have you read it and found a logical flaw, or are you simply dismissing it out of ignorance? And what do you mean by "you people"?
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@spechund7109 I am not one of those. You make too many assumptions. I am a software engineer who reads and thinks a lot. It was obvious to me in 2020 that CPI would explode, and it was obvious that the "transitive" narrative was nonsense, but it was due to the specific policies creating a bullwhip effect and rising geopolitical tensions/disruptions that really exacerbated things. The M2 growth likely would have had a milder affect on consumer prices if global commerce continued without government interference and lockdowns. If you doubt the bullwhip effect, just look at retail inventory numbers.
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@spechund7109 the "law of gravity" was replaced with the theory called General Relativity. You clearly have no idea what you are talking about. Economics is not a science, which is good for you since you are no scientist. If you really think that Ludwig von Mises is not part of the Austrian school of economics, you might need to spend more time reading and less time embarrassing yourself online.
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