Quote:In response to a questions posed by Congressman Warren Davidson about whether “M2 [money supply] going up by 25% in one year” is going to “diminish the value of the U.S. dollar,” Powell responded, “there was a time when monetary policy aggregates were important determinants of inflation and that has not been the case for a long time.”
“Does the printing of more US dollars diminish the value of dollars held?”
“That has not been the case for a long time”
^ This indicator, which tracks the amount of dollars printed, was discontinued by the Fed months ago.
The USA is following the same footsteps of the Weimar Republic. Venezuela. Zimbabwe.