3 ms·
Creating 40% of broad money in 2.5 years.
by almost_usual 4y ago
Creating 40% of broad money in 2.5 years.
- xyzzyz 4y agoThis on its own should only create a single inflationary shock, not a spiral.
- deleted 4y ago[deleted]
- UncleEntity 4y agoIt takes a while for all that new money to move through the economy. Plus the Fed has been paying banks interest on their excess reserves in order to prevent that sort of thing. Hell, AFAICT I’m still living off the money I got from unemployment insurance two years ago and have just been banking the cash for the job I’ve had for the last year (and a day, yesterday was my anniversary apparently).