4 ms·
Monetary policy is the elephant in the room that no one in charge dare mention. A quick look at the numbers makes this obvious. Consider that 80% of all dollar
by OrlandoHakim 5y ago
Monetary policy is the elephant in the room that no one in charge dare mention.
A quick look at the numbers makes this obvious. Consider that 80% of all dollars that exist were created in the past three years.
Now ask why Janet Yellen, Jerome Powell, and the Biden administration conveniently forget to mention even the possibility that money printing may have been a contributing factor driving inflation.
- lamontcg 5y agoLiterally everyone talks about it, including with the "money printer go brrrr" meme. They even talk about it when it is completely inappropriate like when there's a blatant negative supply shock. It is one of those "unpopular opinions" that are actually enormously popular.
- notch656a 5y agoDoes 'literally everyone' include those in charge including the fed board members themselves criticizing their own monetary policies? The critique wasn't that the victims of inflations mention the ballooning the money supply, it's that those in charge of the ballooning tend not to. I think you may have missed where they said 'in charge.' Jerome Powell is not posting "money printer go brrr" memes.