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China announces trillion-dollar bailout as debt crisis looms (www.semafor.com)

submitted 4 days ago by Joker@sh.itjust.works to c/world@lemmy.world

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[-] shortwavesurfer@lemmy.zip 5 points 4 days ago

It does not sound like it. It seems more like the United States in 2008, where claims for money far exceeded money in existence. And therefore, when money is created, it does not actually cause inflation, but it causes less deflation than their otherwise would be.

[-] UltraGiGaGigantic@lemmy.ml 1 points 3 days ago

happy printer noises

this post was submitted on 08 Nov 2024

111 points (97.4% liked)

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