this post was submitted on 21 Aug 2023
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Why is the US printing so much money?
Paper money is flimsy and wears down quickly. It's being constantly printed and replaced. This meme is vague and intentionally misleading. Physical money in circulation is replaced and old money destroyed. Constantly. That's what these figures are about. The wealth inequality, solid point. The rest is just vague word use to make it sound alarming.
Simple answer: Because they can, because it's lucrative, and because it's not as obvious as raising taxes. Imagine you could legally print money, and when anyones asks about it, you can just dismiss it with: "I'm stimulating the economy"
Got to keep the printer people in business
Excuse me sir, this is clearly because of greedflation, not basic supply and demand. /s