I am so fucking tired of responding to the same bullshit about how the Fed will inflate its way out of this mess with vague statements about "printing money", "governments always inflate", and "helicopter drops" that I'm going to adopt the Socratic method to settle this debate once and for all.
Q: Who owns the liens on the houses?
A: Consumers.
Q: Who owns the mortgages?
A: Banks, pension funds, foreign investors.
Q: If the Fed inflates, who wins, and who loses?
A: Consumers win, the banks lose.
Q: Who has more power?
A: The latter.
Q: When was the last time in history when the sheep ate the wolves?
A: <insert whimpering sound as realization strikes>
Thank you. That will be all!
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