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Is there a good source explaining how this whole thing works? How do we know that the US isn't just printing this money out of thin air (as in money that is no
by sschueller 8y ago
Is there a good source explaining how this whole thing works?
How do we know that the US isn't just printing this money out of thin air (as in money that is not declared to have been printed)? The system seems extremely complex which worries me that such things might be going on.
As the global reserve currency the US has way more power than a country like Venezuela and in my view could be getting away with printing extra money.
- illumin8 8y agoYes, this video explains in very easy to understand terms exactly how all of this works: http://www.economicprinciples.org/economic-principles/index.html http://www.economicprinciples.org/economic-principles/index.... edit: It is a 30 minute video by Ray Dalio, founder of Bridgewater Associates, one of the largest and most profitable hedge funds.