@ErrataRob Money printing and inflation led to Zimbabwe needing super large bank note denomintion for utility. The U.S. is similarly printing a lot of money, and arguably we already needed notes large $100 to be useful, but there is systemic resistance. Where does this lead?
All of this story ignores the role of the central bank to retract money supply via banks. Nominal extension !== currency in circulation, ergo not inflation per sae.
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Remember all the (absolutely incorrect) "but inflation!!?!!" takes post great recession? Same deal.
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Further, Zimbabwe was not issuing a reserve currency. The rules are different in that situation. Easy tell: tbill coupon rate.
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