Re:The ballooning money supply may be the key to unlocking i...
by jganetsk on Tuesday October 13, 2020 @05:21PM
(#24770454)
I'm not saying that we didn't print money this year. I'm arguing over how we measure the quantity of the money supply. I am saying that government debt = the quantity of money.
"The federal government ran a budget deficit of $3.1 trillion in fiscal year 2020, CBO estimates, more than triple the shortfall recorded in 2019"
By my definition, we did print $3.1 trillion of money this year.
I don't go by the size of the Fed balance sheet as money supply. There are many reasons for this, and plenty of people on this thread are trying to explain this view point.
"The federal government ran a budget deficit of $3.1 trillion in fiscal year 2020, CBO estimates, more than triple the shortfall recorded in 2019"
By my definition, we did print $3.1 trillion of money this year.
I don't go by the size of the Fed balance sheet as money supply. There are many reasons for this, and plenty of people on this thread are trying to explain this view point.