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diefreetimedie t1_jecbqi9 wrote

They didn't print money they moved a decimal on a computer and sent checks out. I know you have a hard time accepting that the dollar is a fiat currency but it's been that way for a while now, and the US government can pay for whatever it has the will and labor to do. Tell me, how do you feel about ten folks at SVB getting a mulligan on their $13 billion gamble?

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[deleted] t1_jeccdy8 wrote

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[deleted] t1_jecdkj7 wrote

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diefreetimedie t1_jechpni wrote

Of course, I momentarily forgot the term "depositors"

Still pretty wild how the US back stopped them and so fast, I wonder how precedent will work going forward. Do think this "spending" will drive inflation more? By how many more basis points until jpow is happy with the unemployment numbers? This is a good opportunity for you to share your perspective but you only wanted to comment on what equates to a grammatical error.

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[deleted] t1_jecit9u wrote

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diefreetimedie t1_jeck9kw wrote

None of it is "taxpayer money" it is all US dollars of which the government creates. You're going to say anything except that the real problem around inflation is price gouging. It's a long way to go to beat around that bush but I respect it, a little.

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