3 ms·
> The Fed is why America can send pieces of papers and bits and receive trillions of dollars worth of goods and services. Next year, and every year forward, ar
by DANmode 3y ago
> The Fed is why America can send pieces of papers and bits and receive trillions of dollars worth of goods and services.
Next year, and every year forward, arguably in part because of the Fed, America will be able to receive less dollars in goods and services for the same agreement,
due to US' objectively-falling creditworthiness, as rated by the large institutions and nations who are willing to lend to us.
- HappyTortoise 3y agoThat's the treasury's fault not the fed
- Matticus_Rex 3y agoHe's not talking about literal printing of pieces of paper.