It won't crash the economy but combined with really high inflation and having al... | Hacker News

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jpgvm on Feb 24, 2022 | parent | context | favorite | on: Russian forces invade Ukraine after Putin orders a...

It won't crash the economy but combined with really high inflation and having already over-expended QE measures it could lead to a nasty enduring stagflation which is probably worse than a crash.

neilwilson on Feb 24, 2022 [–]

That can easily be resolved by putting up taxes to a sufficiently high level to drain excess spending. Putin has the power to do that.

It's all there in Keynes' how to pay for the way - except Putin isn't running a liberal democracy that may object to high taxes.

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