Re:Talent is everywhere, opportunity is not
by unreal37 on Thursday September 26, 2019 @11:22AM
(#21081747)
They sure do.
The M1 money supply has gone from 1.5 trillion in 2009 to 3.8 trillion today. That's 2.5X more money in circulation in 10 years. A graph of that is a hockey stick - basically a 45 degree angle.
The dollar remains strong. Inflation remains low. Unemployment at record lows. Stock market at record highs. There is no sign that printing $20 billion per month for the last 10 years has had any negative effects.
The printing machines don't stop. Won't stop. Can't stop.
Dollars are basically a claim on labor or natural resources. That we print slightly (in relative terms) more each year is what causes the slow devaluing of existing dollars in circulation. This is also known as inflation. (The linkage isn't quite that direct, but it's fairly close to it.)