The Fed has printed 35x more dollars in 50 years – so why haven’t we seen hyperinflation?
https://ift.tt/3n7nXqx
Probably because the dollar was always undervalued.
They realized that the world goes to shit without the US and no one disagreed with them.
All of the major innovations, cultural and technological for as long as I can think of have come from the US and no one wants to put a stop to that.
Even if you’re a 3rd world country those innovations (like cell phones) eventually trickle down to you and improve your lives so keeping the dollar strong is essential if you want those improvements to continue. It’s not fair, or equal in any way, but at least it’s better than stagnation, or worse, being catapulted back to the dark ages.
I’m not even saying the US is the best country, but it’s essential to the health of the world. If anything the best countries tend to be the ones like Denmark or Japan that ride the coattails of the US, but without all the bureaucratic nonsense that locks the US into nonsensical policies. Which is bad for you if you live there (at least if you’re middle class and below), but essential for creating a reliable and predictable status-quo, which is precisely why the dollar is so strong.
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