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Things can happen very fast. The fed printed $128B in just two days to address the repo market crisis. https://markets.businessinsider.com/news/stocks/fed-repo
by wcoenen 7y ago
Things can happen very fast. The fed printed $128B in just two days to address the repo market crisis.
https://markets.businessinsider.com/news/stocks/fed-repo-injects-billions-into-market-first-time-in-decade-2019-9-1028534289 https://markets.businessinsider.com/news/stocks/fed-repo-inj...
Granted, overnight loans are not permanent injections of money. But it serves as a reminder that there is no speed limit on the virtual printing press of the fed.
- rightbyte 7y agoAt some point the banking system will crash due to lost math precision I believe. The speed of porting everything to arbitrary precision programs limits inflation, unless the gov start cutting zeroes of the bills.