Money Creation: 70% in the Last 12mo (Fed, M1, $)

Re:Money Creation: 70% in the Last 12mo (Fed, M1, $) by dnautics on Tuesday January 19, 2021 @02:28AM (#25830871)

"the fed could reduce the money supply"

What is your proposed mechanism for this?

On the other hand, inflation is great for shafting the labor class, so at least we're going to put most of the pain on the people who are least capable of retaliating against the government; and they'll blame the rich anyways.

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Re:Money Creation: 70% in the Last 12mo (Fed, M1, $) by thekyle on Tuesday January 19, 2021 @03:26AM (#25831150)

I believe the idea is to raise interest rates so people will hoard more money reducing the supply in circulation.

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Re:Money Creation: 70% in the Last 12mo (Fed, M1, $) by dnautics on Tuesday January 19, 2021 @07:37AM (#25832876)

That won't reduce the supply, it will slow the expansion of supply, unless bankruptcies go into a chain reaction.

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