Damn, that article was a downer. The thing I don’t understand is where all the money goes when the markets crash. They say other countries have been running their printing presses just as much as we have, to keep their money from appreciating against the dollar. With all that money in circulation, from all over the world, aren’t asset prices permanently inflated to reflect all the new money? The money can’t just disappear of the face of the earth- it has to go somewhere- so there should be some sort of support for asset prices. Can someone explain this?
