I've never been a fan of money printing, or 'Quantitative Easing' as everyone is calling it these days. I've had plenty heated debates with friends over the years, and more often than not I found myself alone in arguing against money printing.
But lately some of my friends are starting to come around to my way of thinking i.e. that money printing just makes the rich richer, and makes everything more expensive for the rest of us. It is a tax on everyone. It always ends in a bubble.
I think that eventually all this money printing will result in massive collapse, and I think that collapse will happen in the next 2-3 years.
But I'd be interested in hearing what opinions are here, after more than five years of printing presses running at full speed.
But lately some of my friends are starting to come around to my way of thinking i.e. that money printing just makes the rich richer, and makes everything more expensive for the rest of us. It is a tax on everyone. It always ends in a bubble.
I think that eventually all this money printing will result in massive collapse, and I think that collapse will happen in the next 2-3 years.
But I'd be interested in hearing what opinions are here, after more than five years of printing presses running at full speed.