[RugnirViking]

Do you think thats because the central bank maliciously printed a couple million dollars (hilariously low compared to the trillions of dollars the government handles) or because the world went through a pandemic, a recession and one of the largest demographic changes in the last 50 years?

Hint: across all countries in europe, the average inflation rate was also well above target.

[drexlspivey]

I think they printed way too much money as it is obvious by your own benchmark. Another data point that shows that stimulus was too high is that people straight up stop working (check the subscriber growth in r/antiwork for example). I don’t get your point about “a couple million dollars”, the stimulus was in the order of 10 trillion dollars

[RugnirViking]

What do you mean "as is obvious by my benchmark"? The "stimulus" is unrelated to the central bank's printing. In 2020, the fed printed 146 billion dollars (a particularly low year!). In 2021, they printed between 340 billion and 430 billion(unsure why the number is uncertain still but there you go). In 2022, they estimate they will print between 310-360 billion dollars worth of currency. Thats in an entire year.

You may note this number is less than 4% of the 10 trillion earmarked for the stimulus, and was raised primarily to increase inflation intentionally during the coronavirus to stimulate investment in the economy. It's also less than it has been at many points in the past.

None of these numbers are unusual or unprecedented. In 2014, the fed printed $300 billion dollars worth of notes. In 2013, they printed 472 billion.

What is done with the money that is printed? It is not part of the federal government's spending. It is used to buy bonds and other securities from banks as part of quantitive easing. The federal reserve is not instructed by the government. Board members are appointed by congress yes, but keep their jobs for 14 years. Right now, the board consists of 3 republicans and 1 democrat. The chair is a republican.

You're welcome to take a look at the Federal reserve currency print order archive here: https://www.federalreserve.gov/paymentsystems/currency_print...