Replies to post #1716 on Liberty Energy Corp. (LBYE)

[TheBullEconomist]

If you enjoy Friedman, look to Friedrich Hayek and Ludwig von Mises too.

The dollar has been weakening, for years, relative to certain other currencies and commodities. This matters to average Americans because the price of food is moving exponentially higher (vs wages), so discretionary income is much less.

Will the dollar collapse? Not in the short - mid run. It doesn't behoove China, or any other nation, to call in our treasuries and sink the U.S. economy. Our economies are too inter-related and dependent on each other for 1 country to move in such an imprudent or malevolent manner. For now.

That being said, the Fed (Bernanke) has kept interest rates WAY too artificially low, while using monetary policy to keep the money supply at dangerously high levels. This means the aforementioned inflationary effects in the U.S. will continue.

[Light-man]

We have a bubble economy in America. Boom and bust. Been this way for nearly 150 years. It's not going to change because free enterprise allows two primal human emotions, greed and fear, to drive the economy. With every cycle though, the mood swings get wider. The good times get better, but when the bubble bursts we hit the ground harder. Of course, the folks who are now saying that all the QE the fed has done won't cause much inflation are the very same folks who said back in 2007 that housing prices could never fall enough to cause an economic crisis. Adding magic money to our system is like diluting a stock, and we are all familiar with the results of that.