>professor? >surely not an economist? >amherst in bio every fucking timehttps://twitter.com/profwolff/status/1448680245406564354 …
what do you think would happen if the fed printed three hundred fifty quadrillion dollars and gave every american a million?
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never been tried! probably you'd see CPI increase that lead PPI increases and exchange rate increases, but the Fed simply doesn't have this power
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but the fed "printing money" does not necessarily increase the money supply --- in particular, QE swaps "printed" reserves for treasuries... but treasuries have higher money velocity than reserves! so it actually shrinks the money supply
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just had a bit of staircase wit about this tweet "I hate to break it to you, mr economics man, but not everything is linear"
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