The Problem With How Money Was Infused Into the Economy During COVID | Steve Hanke
do you think we put too much money into the economy during covid the way we put it in was the problem because we we had the a massive increase in government spending a massive increase in the deficit and and the bonds that were being issued to finance that deficit were being bought by the Federal Reserve about 90% of the deficit was was being what they call monetized Anthony and and that’s why the money supply shot up we we would not have the inflation we had if that monetization of the fiscal deficit hadn’t occurred if those bonds had just been sold to the general public that we we would not have had the kind of inflation that we experience so it it was the FED that was kind of basically in in bed with with the fiscal authorities and and that’s where the Nob of the problem is
#podcast #economy #covid19
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