Dear @chekohler
Thanks for dropping by and sharing link to your own publication on this particular issue. Will check it out right away.
I've read your comment and I'm not sure if you noticed, that I'm focusing on impact of current situation on climat change. Not on economy.
Anyway, I fully agree that credit crunch can be very painful for many and I'm wondering if all those newly printed fiat currencies can help to ease that pain.
We could always print our way out of situations until now but a resource scarcity is not something you can throw money at and win long term.
You've nailed it. Pumping more resources won't help to solve that problem. Supply chain is being disturbed and it may take another decade to fix once it will be completely torn apart.
Perhaps the only good think coming out from printing money is the fact, that it will make it easier for some to pay off their debts. However it raises a questions how those newly printed FIAt will be redistributed and who will benefit and who will suffer the most.
Surely inflation will follow. So all "small people" will suffer greately.
ps. I've noticed that your topics are quite often aligned with topics published within project.hope community. Perhaps you could consider posting within our hive in the future.
Also is there any way to DM you?
Have a pleasant monday,
Yours, Piotr