Pull $trillions out of their backside, hand it out to people and the money loses value. Who could have seen that one coming?
“Pull $trillions out of their backside, hand it out to people and the money loses value. Who could have seen that one coming?”
Jerome Powell apparently didn’t. Or doesn’t care. He’s old enough to have lived through the Carter years so he doesn’t have an excuse.
The Fed is handing money out to people? Do you have to get on a list? Fill out an application?