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by lowkey
654 days ago
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To quantify “loose monetary policy,” between 2021 and 2022 the US Fed increased the money supply by 4x. Put another way 80% of all US dollars that have ever existed were created between Jan 2021 and November 2022.[1] Prior to this event, inflation was tame. After this event inflation exploded. Coincidence? I think not. Notably, the government then blamed COVID, supply chain issues, and the Ukraine war as the reasons for inflation, but neglected to mention money printing. [1] https://techstartups.com/2021/12/18/80-us-dollars-existence-... |
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