3 ms·
Nobody is printing money. Either you have this naive understanding that government is secretly printing money and hiding it from the auditors, in which case yo
by vintermann 4y ago
Nobody is printing money.
Either you have this naive understanding that government is secretly printing money and hiding it from the auditors, in which case you are simply wrong.
Or you could have the more sophisticated opinion that, "yeah, I know that the so-called freshly printed money is actually already circulating money that government convinced people to give them in return for a promise in the form of a bond. But that's practically the same as printing money!"
But if you take that perspective, then crypto bros are ALSO printing money at a furious pace.
- kgwgk 4y ago> already circulating money that government convinced people to give them in return for a promise in the form of a bond The money printing part is not the Treasury issuing bonds (and getting money). The money printing part is the Federal Reserve buying bonds (and giving money).