Hacker News new | ask | show | jobs
by nine_zeros 2200 days ago
This will lead to hyperinflation in assets and depreciation of the dollar. If we were any other country, we would have hyperinflation but we won't because the US dollar is the reserve currency. True hyperinflation will only happen if other countries refuse to accept US dollar or send all printed dollars back to Homeland.

Does that mean we have a free pass? No. This printing may cause

1. French revolution style riots (only 300 years ago)

2. Weimar republic style hyperinflation in assets (only 100 years ago)

3. Massive depreciation of US currency so now in the league of rich countries, US falls further behind

4. Other countries (China, EU, Russia) feel shafted and refuse to trade in depreciated dollars