Yep. It’s purely a measure of (the change in) purchasing power. A lot of factors go into that, but printing money is not the only one, nor do I think it is usually a very large contributing factor, though I’m no expert. I don’t think the US is printing a particularly different amount of money currently than normal though, so it’s not really a factor here.
30% of all the dollars in existence were printed in 2020 and handed out as stimulus checks and foreign aid. Since then, we have had about a 30% inflation when you put everything together.
Is that only taking into account physical printing or all printing of money even the digital shit? We already know that 99% of the money that exists in the US dollar is not physical. They can be “printed” just by adding some numbers on a computer.
Digital stuff is not adding more money bills, and it was also done before it was digital. That is just banks loaning out more of their reserve, like I mentioned in my first comment. It has no effect on the number of bills. It’s a very different thing and not related at all. The fed can effect this by changing how much they’re required to keep in reserve though. You’d have to look at that value to know.
Yep. It’s purely a measure of (the change in) purchasing power. A lot of factors go into that, but printing money is not the only one, nor do I think it is usually a very large contributing factor, though I’m no expert. I don’t think the US is printing a particularly different amount of money currently than normal though, so it’s not really a factor here.
30% of all the dollars in existence were printed in 2020 and handed out as stimulus checks and foreign aid. Since then, we have had about a 30% inflation when you put everything together.
“They only printed notes worth $146 million in 2020 (https://www.federalreserve.gov/paymentsystems/2020_currency_print_orders.htm). For comparison, the Treasury printed $206 million in 2019 and $233 million in 2019 (more than 2020).”
(https://medium.com/@sohitmiglani/is-it-a-big-deal-that-40-of-usd-was-printed-in-the-last-12-months-no-its-not-13e7206e5001)
2020 was actually the year with the fewest notes printed in the last decade.
https://www.federalreserve.gov/paymentsystems/initial_2023_currency_print_order.htm
Is that only taking into account physical printing or all printing of money even the digital shit? We already know that 99% of the money that exists in the US dollar is not physical. They can be “printed” just by adding some numbers on a computer.
Digital stuff is not adding more
moneybills, and it was also done before it was digital. That is just banks loaning out more of their reserve, like I mentioned in my first comment. It has no effect on the number of bills. It’s a very different thing and not related at all. The fed can effect this by changing how much they’re required to keep in reserve though. You’d have to look at that value to know.