News for hackers. Stuff that matters.

A comment on US inflation jumps to 31-year high amid global supply chain crisis. Parent comment

Re:US inflation jumps to 31-year high amid global supply cha... by wbsss4412 on Wednesday November 10, 2021 @11:16AM (#29176385)
Setting aside my other issues with this analysis, this is just flat out incorrect:

> it can’t just be reversed

I don’t know where you’ve gotten this idea from. The fed can destroy money just the same as it can create it.

[ Parent | on HN ]
Re:US inflation jumps to 31-year high amid global supply cha... by kerng on Wednesday November 10, 2021 @11:20AM (#29176454)
That's an interesting point, has that ever been done?
[ Parent | on HN ]
Re:US inflation jumps to 31-year high amid global supply cha... by wbsss4412 on Wednesday November 10, 2021 @11:26AM (#29176520)
The fed was in the process of lowering its balance sheet pre pandemic.

You only have to look back to 2019. [1]

[1] https://www.investopedia.com/the-fed-continues-to-reduce-its...

[ Parent | on HN ]