a trillion dollars is 1/25th of last year’s american gdp.
people fail to realize that the main drivers of inflation aren’t people — they’re corporations
related example: while inflation and interest rates are both high, reserve requirement ratios for banks are still zero. theoretically, this gives big enough banks carte blanche to print as much money as they want, driving inflation.
bigThinc t1_j3m4val wrote
Reply to comment by sg3niner in Single-use plastic cutlery and plates to be banned in England by Sariel007
a trillion dollars is 1/25th of last year’s american gdp.
people fail to realize that the main drivers of inflation aren’t people — they’re corporations
related example: while inflation and interest rates are both high, reserve requirement ratios for banks are still zero. theoretically, this gives big enough banks carte blanche to print as much money as they want, driving inflation.