Cathie Wood disagrees with Jack Dorsey on inflation

[ny_quant]

In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling. https://t.co/tFaXSaCKqS

— Cathie Wood (@CathieDWood) October 25, 2021

Update: Psaki Points Out That Inflation Doesn't Matter Since There Are No Goods To Purchase Anyway