>The United States printed more money in June than in the first two centuries after its founding. Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.
and this is a good graph of our money supply (M1) [2]
The inflation is here to stay. And it will only get worse. Fed's recent 25-basis point rate hike won't do anything to curtail the inflation.
>The United States printed more money in June than in the first two centuries after its founding. Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.
and this is a good graph of our money supply (M1) [2]
The inflation is here to stay. And it will only get worse. Fed's recent 25-basis point rate hike won't do anything to curtail the inflation.
[1] https://blog.panteracapital.com/two-centuries-of-debt-in-one...
[2] https://fred.stlouisfed.org/series/M1SL