MCViewPoint

Opinion from a Libertarian ViewPoint

EconomicPolicyJournal.com: Executive Editor of News for Bloomberg Digital: We Need More Monetary Inflation to Fight Price Inflation

Posted by M. C. on February 6, 2021

https://www.economicpolicyjournal.com/2021/02/executive-editor-of-news-for-bloomberg.html

Executive Editor of News for Bloomberg Digital: We Need More Monetary Inflation to Fight Price Inflation

My head is still spinning.

Weisenthal is executive editor of news for Bloomberg Digital, co-anchor of “What’d You Miss?”, Bloomberg Television’s flagship markets program, as well as Bloomberg’s “Odd Lots” podcast.

Some of the things that Weisenthal’s perspective fails to consider:

That pumping more money into an economy means that more money is available to bid for goods, which is upward pressure on prices.

To pump more money into the investment sector results in a distortion of the economy. There will always be a natural tendency to move against the distortion. Thus requiring a continual accelerating amount of money in the investment sector which puts even more upward pressure on prices.

That if you simply stop the money printing, the price inflation will end on its own.

Capitalism is about free markets. It has nothing to do with central bank manipulation of interest rates, higher or lower.

RW

Be seeing you

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