this post was submitted on 07 Jun 2024
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To people who don't watch the stock market: this didn't happen. The "government" can't physically print that much money per day. And even if it could, stock exchanges don't accept cash.
The money supply increased about $3.5 trillion in 2020, as you can see in this chart. Nowhere near $2 trillion per day.
Also, the US Treasury and the Federal Reserve (separate organizations) don't buy stocks. They buy Treasury Bonds or sometimes mortgage backed bonds, although that last happened during the 2008-9 recession.
https://www.stlouisfed.org/open-vault/2019/august/open-market-operations-monetary-policy-tools-explained