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>The whole argument for printing money being OK is dumb. If it's OK to print money to pay for some things why are you not doing it more? Why not make everyone a
by 99_00 6y ago
>The whole argument for printing money being OK is dumb. If it's OK to print money to pay for some things why are you not doing it more? Why not make everyone a millionaire?
No one is advocating for unlimited money printing. The fact that money printing is being used to inflate financial assets that benefits elites is a policy and political failure not a repudiation of monitary policy.
- tastyfreeze 6y agoJerome Powell said the Fed has unlimited lending at its disposal. That is the engine that drives printing. Their intent is to print without limit until the economy is working the way they think it should.
- 99_00 6y ago>Their intent is to print without limit until the economy is working the way they think it should. That's not in evidence. You are assuming their intentions without providing evidence to backup your claim. It's a fact that the Fed has unlimited lending powers. Jerome Powell is the chair of the Federal Reserve. Explaining his powers doesn't show he intends to use them. Maybe you have the quote or you miswrote?