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The FED and treasury spend 12 billion dollars every hour... this breaks down into:

Discussion in 'The Cave' started by Penny, Jul 21, 2021.

  1. Penny

    Penny New Member

    https://www.zerohedge.com/markets/f...r-biden-says-inflation-temporary-respects-fed

    There was a remarkable statistic in the latest Flow Show report from BofA's Michael Hartnett: according to the CIO's calculations, "the Fed is spending $336 million every 60 minutes buying bonds, while the US federal government is spending $875 million every hour this year", a staggering amount made possible only by the recent merger between the Fed and Treasury which ushered in not only helicopter money but its socialist offshoot, MMT. It's also what so many monetarists argue is behind the recent surge in inflation, because Milton Friedman said best, "inflation is always and everywhere a monetary phenomenon."
     

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