7 ms·

So we printed 40% of total money supply two years ago and this year we gave an 8% social security raise. What a sham. Please let me opt out now.

amanaplanacanal 3y ago
I give you permission to opt out. If you have skills, there are plenty of countries that would gladly have you. They all mostly do monetary policy the same way though.
- a-user-you-like 3y ago
  Oh, staying and voting that we can all opt out and keep our money.
KyleBerezin 3y ago
That 40% did not lead to a 40% increase to the cost of living like you are implying. Cpi went up 8% in 2022, and social security went up 8.7%
- riku_iki 3y ago
  and there is higher chance that ss will bankrupt slightly earlier.. Also, ss obviously is not the largest source of American's well being, and those other sources (wages) will not be keeping up with inflation.
  - KyleBerezin 3y ago
    That increase was due to the covid stimulus checks. That isn't the new rate of money supply growth. In fact, the money supply has been decreasing lately. As i understand it (not an expert) the social security surplus (money not yet sent out to recipients) is invested in treasury bonds, so should inflate at the same rate as the dollar.
    - riku_iki 3y ago
      > That increase was due to the covid stimulus checks stimulus checks were like few 100B, very different amount, total stimulus program was 2.2T: https://en.wikipedia.org/wiki/CARES_Act https://en.wikipedia.org/wiki/CARES_Act , while M1 supply increased from 4T to 20T: https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL I think institutions took advantage of low interest rates, borrowed lots of money, and now will borrow/invest with much higher return for next many years. > That isn't the new rate of money supply growth I don't think there was so large scaled increase in the past ever.
      - KyleBerezin 3y ago
        I've been working on the M2 money supply. The total stimulus was in the range of 5T. Pre stimulus the M2 was at 15T, and today it is 21T. M1 is not a good metric for tracking the 'printing' of money.
    - deleted 3y ago
      [deleted]
- a-user-you-like 3y ago
  The fact that the system isn’t opt out is evil.
  - deleted 3y ago
    [deleted]

amanaplanacanal 3y ago

I give you permission to opt out. If you have skills, there are plenty of countries that would gladly have you. They all mostly do monetary policy the same way though.

a-user-you-like 3y ago
Oh, staying and voting that we can all opt out and keep our money.

KyleBerezin 3y ago

That 40% did not lead to a 40% increase to the cost of living like you are implying. Cpi went up 8% in 2022, and social security went up 8.7%

riku_iki 3y ago
and there is higher chance that ss will bankrupt slightly earlier.. Also, ss obviously is not the largest source of American's well being, and those other sources (wages) will not be keeping up with inflation.
- KyleBerezin 3y ago
  That increase was due to the covid stimulus checks. That isn't the new rate of money supply growth. In fact, the money supply has been decreasing lately. As i understand it (not an expert) the social security surplus (money not yet sent out to recipients) is invested in treasury bonds, so should inflate at the same rate as the dollar.
  - riku_iki 3y ago
    > That increase was due to the covid stimulus checks stimulus checks were like few 100B, very different amount, total stimulus program was 2.2T: https://en.wikipedia.org/wiki/CARES_Act https://en.wikipedia.org/wiki/CARES_Act , while M1 supply increased from 4T to 20T: https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL I think institutions took advantage of low interest rates, borrowed lots of money, and now will borrow/invest with much higher return for next many years. > That isn't the new rate of money supply growth I don't think there was so large scaled increase in the past ever.
    - KyleBerezin 3y ago
      I've been working on the M2 money supply. The total stimulus was in the range of 5T. Pre stimulus the M2 was at 15T, and today it is 21T. M1 is not a good metric for tracking the 'printing' of money.
  - deleted 3y ago
    [deleted]
a-user-you-like 3y ago
The fact that the system isn’t opt out is evil.
- deleted 3y ago
  [deleted]