3 ms·
What's your explanation for the mechanism? Because my understanding is that the M1 spike was largely an accounting rule change [0], not a "money printer go brr.
by jollyllama 8mo ago
What's your explanation for the mechanism? Because my understanding is that the M1 spike was largely an accounting rule change [0], not a "money printer go brr."
[0] https://collabfund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/ https://collabfund.com/blog/the-fed-isnt-printing-as-much-mo...
- marcosdumay 8mo agoAs your link says, the spike was the result of a change in policy, not an accounting rule change. Effectively, there is very little difference between printing the money or just making some extra money available for use. The money printer was also going brr. And that is probably the cause for some of the inflation.