diefreetimedie t1_jecbqi9 wrote on March 30, 2023 at 11:43 PM

Reply to comment by [deleted] in The Fed Raised Rates But The Economy Is Cooling: Understanding The Current Macro Situation by HorrorCharacter5127

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?

[deleted] t1_jeccdy8 wrote on March 30, 2023 at 11:47 PM

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diefreetimedie t1_jecd5ab wrote on March 30, 2023 at 11:53 PM

This is 2023.

https://truthout.org/articles/the-10-largest-deposit-accounts-at-svb-held-13-billion-fdic-chair-says/

[deleted] t1_jecdkj7 wrote on March 30, 2023 at 11:56 PM

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diefreetimedie t1_jechpni wrote on March 31, 2023 at 12:27 AM

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.

[deleted] t1_jecit9u wrote on March 31, 2023 at 12:35 AM

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diefreetimedie t1_jeck9kw wrote on March 31, 2023 at 12:46 AM

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.