The Federal Reserve has one job to control inflation. However, it seems they did a miserable job to press down inflation in recent months. Since COVID-19 induced a financial crisis, the Fed had printed $2.8 trillion into the economy like it never did before. The more money did make asset liquidity flows but it also pumps up the core prices such as cost of energy and essential cost of living such as food. While the economy tries to restore to the original pace, it seems harder to bring it back but has to print more. As the government debt ceiling spending is also approaching, the Treasury Department wants to overhaul the debt ceiling once for all. As a result, the government will print unlimited funds out of thin air and the trade-off is people will pay a price that the government did.
Fiat Squid Game: Crypto Comes for Rescue
Fiat Squid Game: Crypto Comes for Rescue
Fiat Squid Game: Crypto Comes for Rescue
The Federal Reserve has one job to control inflation. However, it seems they did a miserable job to press down inflation in recent months. Since COVID-19 induced a financial crisis, the Fed had printed $2.8 trillion into the economy like it never did before. The more money did make asset liquidity flows but it also pumps up the core prices such as cost of energy and essential cost of living such as food. While the economy tries to restore to the original pace, it seems harder to bring it back but has to print more. As the government debt ceiling spending is also approaching, the Treasury Department wants to overhaul the debt ceiling once for all. As a result, the government will print unlimited funds out of thin air and the trade-off is people will pay a price that the government did.