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

Comments

[misha-b.livejournal.com]

I don't get it, there is no indication of hyperinflation, at least not yet, what is Jack talking about?

[ny-quant.livejournal.com]

Either he's crazy or dishonest in pursuit of self-interest.

[ok-its-the-last.livejournal.com]

Дорси — криптанутый, любит биткойны, для них это стандартная тема.