Late Stage Capitalism

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More than 3 trillion USD has been created in 2020 alone, which accounts for almost 20% of all “existing USD” in circulation (corporate.nordea.com)

submitted 3 years ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 3 years ago (1 children)

I don't get it, tbh.

I suck at economics.

[–] [email protected] 2 points 3 years ago (1 children)

Basically, US is devaluing the dollar by printing money like there's no tomorrow. Since the real economy is not recovering well and prices keep going up this is predicted to result in stagflation going forward.

[–] [email protected] 1 points 3 years ago (1 children)

Overall its a good thing, because its a really short term solution. In the long run the dollar will suffer for this.

[–] [email protected] 2 points 3 years ago

Absolutely, this is just a knee jerk reaction to prop up the market and avoid immediate panic because US doesn't really have any viable solutions to the problem.