this post was submitted on 07 Jun 2024
989 points (92.0% liked)
Memes
45869 readers
920 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Sooooo it’s a self imposed limitation, just like u/sockenklaus said?
Kind of, but if the US allows itself to just print dollars directly its directly going to turn to toilet paper.
Why would that happen? There's no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.
I guess there is no proof, but thats not really possible to prove. But what we can see is how much inflation the US has gotten just under the Fed, and then look at examples in the past like germany that used printing of the mark to pay of debts.