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Frances Coppulla – ‘Money Printer Go Brrr’ Is How the Dollar Retains Reserve Statu

Summary:
I wonder what Max Keiser would make of this, he's become more outspoken against fiat money and MMT recently? He says fiat money causes inflation.Fiat currency always fails. The Fed’s ever-increasing balance sheet is a sign that we are in the end times for the U.S. dollar. Eventually, all that money printing will cause runaway inflation. The dollar will go up in flames, and with it, the U.S. economy.  I have heard this line of argument many times over the last decade. In the aftermath of the 2008 financial crisis, it was usually advanced by people who wanted the return of the gold standard – “goldbugs,” as they are often known. More recently, Bitcoin hardliners have joined the chorus. Now, in these extraordinary times, even some conventional money managers are predicting hyperinflation.

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I wonder what Max Keiser would make of this, he's become more outspoken against fiat money and MMT recently? He says fiat money causes inflation.

Fiat currency always fails. The Fed’s ever-increasing balance sheet is a sign that we are in the end times for the U.S. dollar. Eventually, all that money printing will cause runaway inflation. The dollar will go up in flames, and with it, the U.S. economy. 

I have heard this line of argument many times over the last decade. In the aftermath of the 2008 financial crisis, it was usually advanced by people who wanted the return of the gold standard – “goldbugs,” as they are often known. More recently, Bitcoin hardliners have joined the chorus. Now, in these extraordinary times, even some conventional money managers are predicting hyperinflation. “Money printer go brrr,” they say, and mutter about wheelbarrows and currency wars. 

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Frances Coppulla - ‘Money Printer Go Brrr’ Is How the Dollar Retains Reserve Statu

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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