Post
Topic
Board Economics
Merits 1 from 1 user
Re: Fed on brink of fifth(?) round of quantitative easing
by
cryptosize
on 02/04/2023, 11:33:40 UTC
⭐ Merited by vapourminer (1)
Prior to the 2008 crash, the Fed's balance sheet was sitting at around $0.85 trillion. 15 years later, it now sits at almost $9 trillion. This means that in the last 15 years, we've printed 9x more money than we had in the entire history of the US before 2008. This is clearly unsustainable.
Pretty sure the production of good/services hasn't gone 9x in 15 years... but it surely has made rich people with assets richer (Cantillon effect).

It's a shame we're on a Bitcoin forum, most people here are long-time BTC hodlers and yet they don't realize this simple fact?

Printing so much money out of thin air is legalized forgery by FED.