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At the crudest level, what do you suppose would happen if the U.S. Treasury/Federal Reserve suddenly decide that every dollar-denominated account of $n got a "s
by Turing_Machine 5y ago
At the crudest level, what do you suppose would happen if the U.S. Treasury/Federal Reserve suddenly decide that every dollar-denominated account of $n got a "stimulus payment" of $2n?
- logifail 5y agoYou mean a bit like this https://fred.stlouisfed.org/graph/?g=KT86 https://fred.stlouisfed.org/graph/?g=KT86 but overnight, rather than over several years?
- wbsss4412 5y agoThat’s a very indirect way to devalue a currency for foreign exchange purposes. Sure, you’d be massively increasing that supply, but it’s doesn’t necessarily follow that said supply would flow directly into forex markets.