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buddermonger2000
Economics Explained
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Comments by "buddermonger2000" (@buddermonger2000) on "Hyperinflation is Already Here – You Just Haven't Realised It Yet | Economics Explained" video.
Why do these governments always try to print their way out of the issues? It always ALWAYS leads to hyperinflation!! Did NO-ONE learn!?
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@TheBandFiles This is all kinds of stupid. TL;DR WW2 USA faced literally 0 of these factors as you've brought up having been as you've said massive industrial investment. However, not even that really happened. First off what happened immediately after the war was that they did what no other time did: they took money OUT of the economy afterward which basically set it back to 0, not to mention that the change was actually quite gradual with money increases of only 2.5% to 5% for 4 years with an immediate 10% reduction. Mass printing of money was not something that happened rather Mass loans as a result of trying to pay for the war... which is basically what always happens unless they genuinely can. Not to mention the US genuinely financing the war with the help of the population by issuing war bonds almost constantly. Secondly, those actually didn't do much and had the economy still been falling it would've done near nothing. WW2 did almost nothing for the US economically and in fact, the reason for surge in productive capacity was more related to the fact it was the only economy left in the world rather than much else. It was also an economy which had recovered by the outbreak of war in Europe and thus the productive capacity was capitalized on rather than truly increased with other civil sector goods. The generous benefits of the GI bills only really served to put veterans into homes and increase specialization. It didn't do anything to create the high employment and stable prices. Not to mention we still have high employment. The stable prices were also a function of not much in the way of real economic competition.
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