Monday, July 13, 2020

The Money Printers

Read: https://thebaffler.com/salvos/the-money-printers-denison
 In the modern era, central bankers have become bolder and ever-more confident that they know how to prevent another Great Depression. The faith they assert is that the United States cannot go bankrupt, cannot run out of money—simply because “there is no end to our ability” to create the money that businesses and consumers need to make the economy hum.

This makes me think of Carl Sagan talk about the trillions of stars in the universe.  Just replace stars with dollars.


There are 100 billion galaxies, each of which contains 100 billion stars.  Trillions, Quadrillions, Quintillions, Sextillions, etc.  100 billion squared is 10 sextillion, if I have my math right.  And if these numbers are too large, you can always chop a few zeros off.

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