Originally Posted by
OneplusF
The stat often quoted is 40% of all dollars in US history were printed in the 2020 & 2021. They don’t mean actually paper currency. It’s money created out of thin air by the fed due to spending by Congress. That’s why you’re seeing 7% inflation numbers being reported today (and many speculate ‘real’ inflation exceeds 7%)
This is what I was referring too.. has nothing to do with paper money. To the other post- yes, I don’t know what I’m talking about. Obviously creating more money out of thin air has nothing to do with inflation.