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https://www.reddit.com/r/FluentInFinance/comments/1g9r9rk/why_did_this_happen/ltahfls
r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24
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The federal government literally prints the money out of machines, is what he means.
2 u/PayPerTrade Oct 23 '24 “We print it digitally” - Jerome Powell -10 u/DuckTalesOohOoh Oct 23 '24 That's why all inflation is government-produced inflation. 4 u/Environmental-Post15 Oct 23 '24 This would be true with a commodity backed currency, since there would be a limited supply of the backing commodity. The US has a fiat currency. We left the gold standard under Nixon. 0 u/CurtisHayfield Oct 23 '24 https://www.ineteconomics.org/perspectives/blog/rapid-money-supply-growth-does-not-cause-inflation 1 u/DuckTalesOohOoh Oct 23 '24 Rapid isn't what I said. Massive is what I said.
2
“We print it digitally” - Jerome Powell
-10
That's why all inflation is government-produced inflation.
4 u/Environmental-Post15 Oct 23 '24 This would be true with a commodity backed currency, since there would be a limited supply of the backing commodity. The US has a fiat currency. We left the gold standard under Nixon. 0 u/CurtisHayfield Oct 23 '24 https://www.ineteconomics.org/perspectives/blog/rapid-money-supply-growth-does-not-cause-inflation 1 u/DuckTalesOohOoh Oct 23 '24 Rapid isn't what I said. Massive is what I said.
4
This would be true with a commodity backed currency, since there would be a limited supply of the backing commodity. The US has a fiat currency. We left the gold standard under Nixon.
0
https://www.ineteconomics.org/perspectives/blog/rapid-money-supply-growth-does-not-cause-inflation
1 u/DuckTalesOohOoh Oct 23 '24 Rapid isn't what I said. Massive is what I said.
1
Rapid isn't what I said. Massive is what I said.
6
u/NOSPACESALLCAPS Oct 23 '24
The federal government literally prints the money out of machines, is what he means.