“You are stupid. If we have no money, the solution is very simple: you should print more money.”
Fascinating take that Ida Amin killed his economy via DEI disaster (expelling the British Indians who actually made the economy run).
Please educate me. Who exactly makes the decision to print more money…the President, the treasury secretary, etc.
It depends which country you are.
Ostensibly, central banks are typically supposed to have independence from the executive branch. It often doesn't work that way though.
I should have specified. Who decides this for the U.S?
Jerome Powell.
Does he not understand this then? He’s a money guy. One would think he knows the danger.
Fascinating take that Ida Amin killed his economy via DEI disaster (expelling the British Indians who actually made the economy run).
Please educate me. Who exactly makes the decision to print more money…the President, the treasury secretary, etc.
It depends which country you are.
Ostensibly, central banks are typically supposed to have independence from the executive branch. It often doesn't work that way though.
I should have specified. Who decides this for the U.S?
Jerome Powell.
Does he not understand this then? He’s a money guy. One would think he knows the danger.