In 2020, the United States Federal Reserve embarked on a massive dollar printing journey, necessitated by the need to deliver financial stimulus packages for the American taxpayers during the wave of the Covid-19 pandemic.
The U.S printed 35% of Dollar circulation in 2020
Reports even had it that that year’s print represents 35% of dollar print in the history of the United States Federal Reserve.
Leaders of the two major parties believed that this was necessary since the COVID-19 pandemic led to an unprecedented economic recession. Due to this massive dollar print, the currency circulation moved from $15 trillion to over $19 trillion in 2020 alone.
Although the American government successfully gave stimulus funds to beloved citizens during a tough time like that, it is important to know that there would always be a price to pay for the massive dollar print.
Usually, in theory, when there is too much of any currency in circulation, it…
