24 hours
On Mar 19, 12:40 am, wu wei <[email protected]> wrote:
> Is there any way of knowing how long it takes before the inflation
> caused by " Quantitative Easing" begins to show?
>
> No-one on Bloomberg or CNN seems to know but I am assuming for now
> that the currency is debased by the amount of counterfeit, borrowed or
> printed money added to it according to it's proportion of the new
> total money supply.
>
> If the American M3 for 2008 is $14 trillion and the amount of money
> added to it is something like $5 trillion, of loans and duds, then the
> added amount should debase the Dollar by 30%, but over what timescale?
> By the time it arrives back at the treasury in the form of taxes etc?
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