Customer Quote by Robert A. Wiedemer
““since the creation of the U.S. Federal Reserve almost a century ago, we have printed roughly $800 billion from 1913 to 2007. But in 2013, the Fed printed more new money than that in just one year (see Figure 1.1) and will likely do the same in 2014. That’s more money printing in one year than in nearly 100 years!””
About This Quote
The Federal Reserve’s massive money printing in recent years dwarfs a century’s worth, indicating unprecedented monetary expansion.
In simple terms: Fed printed more in one year than in 100 years.
Key Takeaway
Critically assess monetary policy.
Themes
economics
inflation
monetary policy
government finance
Mood
analytical
concerned
Type
Customer:0
Federal reserve:1
Fed Printed:1
Printing Year:1
Money Printing:1
2014 Money:1
When to use this quote
- investment decisions
- public policy debates
- personal budgeting
Key Concepts
finance
macro‑economics
Questions to Reflect On
- What are the risks of such printing?
- How does it affect everyday life?
A Different Perspective
Context may lack nuance.
