Thursday, December 16, 2021

Money Is Not A Panacea

 Extremely short post, I have been busy…

As the Omicron variant makes clear, money is not a panacea.  The only thing that senseless money printing creates is inflation, while it is completely useless against pandemics.  Our politicians and central bankers threw money at the virus, thinking it would solve all problems. They were, and still are, incredibly wrong…..

The pandemic rages on….

And so does inflation….

Curiously, or maybe not, both charts look “spikey” .  

I’m no epidemiologist, but the cure for both conditions looks to me to be the same: slow down. Restrict activities, consume less, remove money from the system. Yes, it will mean a coal in the Christmas stocking, but it’s better than yet another viral explosion.