News for hackers. Stuff that matters.

A comment on Ask HN: How to prosper under negative interest rates?. Parent comment

Re:Ask HN: How to prosper under negative interest rates? by Rury on Tuesday March 31, 2020 @01:31PM (#22740008)
Can someone explain the 'going brrrrr' meme to me?

I've seen it used in other contexts but can't quite fully grasp what is meant by it.

[ Parent | on HN ]
Re:Ask HN: How to prosper under negative interest rates? by toomuchtodo on Tuesday March 31, 2020 @01:36PM (#22740069)
It's a tongue in cheek reference to the Federal Reserve "running the printing presses", generating as much fiat as necessary to support the US and global economy. With the US dollar not on the gold standard [1], or tied to something physical resource, the Federal Reserve can create money out of thin air without constraint. Ergo, the "money printer goes brrr".

https://www.nytimes.com/2020/03/23/upshot/coronavirus-fed-ex... (The Fed’s Message: The Money-Printing Presses Are Fired Up and Ready to Go)

[1] https://en.wikipedia.org/wiki/Gold_standard

[ Parent | on HN ]
Re:Ask HN: How to prosper under negative interest rates? by tacon on Tuesday March 31, 2020 @02:14PM (#22740568)
The sound of a lot of paper money being processed:

https://www.youtube.com/watch?v=ehFImqzVWos

[ Parent | on HN ]
Re:Ask HN: How to prosper under negative interest rates? by pjc50 on Tuesday March 31, 2020 @04:27PM (#22742170)
https://knowyourmeme.com/memes/money-printer-go-brrr
[ Parent | on HN ]