[djur]

Which money printing are you referring to?

[andy_ppp]

I think the US printed a couple of TRILLION dollars during COVID. The money hasn’t gone anywhere so if you’re American and don’t have the $80000 per person someone else has your cash.

Edit: not sure why you’re downvoting! It was actually $3.3tn in 2020 alone which is wild.

[skybrian]

> someone else has your cash

It was never yours. The Fed doesn't give money away, it buys financial assets. What did you sell them?

Also, the Fed has been selling assets lately, which does remove some money from the system.

[djur]

That was during Covid, but it is 2024 now. The Fed started quantitative tightening in June 2022 and has sold over $1.3 trillion in assets; it also raised interest rates to the highest level in two decades. These are traditionally considered contractionary monetary policies, the opposite of "printing money".

[fizl]

$3.3tn is $10k per US resident, not $80k.

[pcdoodle]

Wild indeed. When the velocity of it picks up, we will see distortion and it will be hard to decide what a thing is worth. If everyone had a free 80K, i'm not selling my used car cheap anymore.

[myko]

I think that's more like $9k?