• partial_accumen@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    edit-2
    9 months ago

    Oh man, you really don’t know what you’re talking about AT ALL do you? You’re missing some crazy basic economic concepts.

    Here’s to your USD being worth even less in 10 years due to an increase in supply.

    The last time US Federal Reserve “printed money” to create more USD to decrease the value was March 2020 during the pandemic. The real term for this is “Quantitative Easing”. source

    So not only is it NOT every year that new money is “printed”, the US Federal Reserve also does the opposite and removes that printed money reversing the value drop resulting in an increase in the value of your dollar. This is called “Quantitative Tightening”, and guess what? US Federal Reserve last started doing Quantitative Tightening most recently June 2022 and has kept doing it since then and is still doing it right now as we speak. Analysts are guessing the US Federal Reserve will likely stop doing this sometime in late 2024 or 2025 source

    You know in the US government is authorizing all of this? The same person in your original OP link: Fed Chair Jerome Powell

    The official monetary policy of the US Govt is to aim for 2-3% inflation every year 🥂.

    Damn right! You know whats worse that 2-3% inflation? Every other scenario.

    • Deflation: Where your money is worth more tomorrow than it is today. Everyone stops spending. Economy grinds to a halt.
    • Stagflation: Where there is very high inflation (which would normally be an indicator of a hot economy) but the economy is slowing to a crawl
    • Hyper inflation (inflation at 50% or higher): Where your paycheck and the end of week is only worth a small fraction of what it was when the week started. You get countries printing money like this:

    At the end it was nearly worthless too.

    Seriously, read a basic Economics 101 book. All this stuff and more is in there.