> Depreciating currency causes those assets to go up in nominal terms
That does not increase the real value of those assets, and it does not have any distributional consequences.
> Thats a theory-laden and motivated explanation
You could go read like, any of the vast literature on the great depression, the things that caused it and the things that made it worse. But you'd rather expose your ignorance on the Internet for us to see.
> discover that the central bank is very much fact and not at all theory.
I happen to know a lot about central banking, actually. You might be pulling a Dunning-Kruger on this one.
That does not increase the real value of those assets, and it does not have any distributional consequences.
> Thats a theory-laden and motivated explanation
You could go read like, any of the vast literature on the great depression, the things that caused it and the things that made it worse. But you'd rather expose your ignorance on the Internet for us to see.
> discover that the central bank is very much fact and not at all theory.
I happen to know a lot about central banking, actually. You might be pulling a Dunning-Kruger on this one.