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by hnews_account_1 1309 days ago
This is incorrect. The usd in existence are just reserves. They are not actual spendable money beyond circulating somewhere inside the plumbings of global banking. Said plumbings are things even experts do not fully grasp so I’ll assume no one on this forum has read and understood it. Money did not enter the economy at the same rate it was printed. This is why all the money velocity charts are only shared by charlatans on finance twitter who mostly haven’t spent more than a few years at a serious desk before thinking they understood everything and took off. If you remained inside a high earning position with that level of knowledge, they’d get rid of you really fucking quickly.