The Fed printed at most 200bil in 2023, down from 330bil in 2022. There’s about 2.25 trillion in circulation and about 15% of the notes are destroyed every year, which is loosely equivalent to the cash order the Fed created, give or take a couple of percent. Inflation for 2023 using the Consumer Price Index was about 3%. That means net cash supply didn’t really change much and prices went up.
If you think that ~200bil in cash has any effect on inflation I’ve got an amazing investment opportunity for you: it’s called crypto and it’s totally legit.
The Fed printed at most 200bil in 2023, down from 330bil in 2022. There’s about 2.25 trillion in circulation and about 15% of the notes are destroyed every year, which is loosely equivalent to the cash order the Fed created, give or take a couple of percent. Inflation for 2023 using the Consumer Price Index was about 3%. That means net cash supply didn’t really change much and prices went up.
If you think that ~200bil in cash has any effect on inflation I’ve got an amazing investment opportunity for you: it’s called crypto and it’s totally legit.
I noticed now that tether (a crypto coin that claims to be 100% backed by USD) printed 10% of what the fed printed in 2023.
And a similar amount for usdc
Surely all those freshly printed crypto coins are backed by real dollars