Inflation was stable and pretty low for the 10 years after the financial crisis.... | Hacker News

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JamesBarney 10 months ago | parent | context | favorite | on: J.P. Morgan's OpenAI loan is strange

Inflation was stable and pretty low for the 10 years after the financial crisis.

Gold wasn't at $400 per oz before the financial crisis, and the spike in gold prices was fairly recent.

Basically the financial crisis response didn't cause inflation, the covid response did.

flanked-evergl 10 months ago [–]

The covid response was what the occupy protests told us the bailouts were. Never has there ever been a bigger transfer of wealth to the 1% than during the covid era.

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