So far, parsing common crawl database at line speed, rewriting a lot of AWS Lambda functions, embedded systems upgrade scripts, few ESP32 deep embedded devices, REST API backends, custom key-value stores, custom TLS terminator, etc, etc. A lot of my other work is ancient PHP, SysAdmin stuff and performance troubleshooting.
If Customer B repays the loan, the new money disappears but the money made in interest stays. Eventually does a bank get to a point where it has enough real money, that it can lend it out instead of increasing the money supply?
Why are the feds able to inject so much money into the system these days without much push back? While during the 2008 Crisis Hank Paulson had such difficulty with getting 700 billion injected?
That 700 billion was Treasury money. The Fed at the time also engaged in trillions of dollars of quantitative easing, similar to what they’re doing now. I would guess the reason the Fed is going all in this time is because there was consensus among the decision makers that last time we were too slow - we did QE but it took years. I assume they think that if we hit it hard now, we can shorten the recession period. Also this time there is more unified and obvious support from “the people”. Rather than bailing out bankers and all the hazards that come with that, everyone is getting a check, so everyone is more on board.
Interesting. What is the difference between Treasury Money and money coming from the Federal reserve? Was the 700 billion of Treasury money at that time a loan that had to be paid back while today, they're simply increasing the money supply?
> Why are the feds able to inject so much money into the system these days without much push back? While during the 2008 Crisis Hank Paulson had such difficulty with getting 700 billion injected?
Hank Paulson was the Secretary of the Treasury. Both the Fed and the Treasury have the power to create money, but in different ways (and the side-effects of each method are different).
