2min chapter

The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

CHAPTER

The Inevitability of a Weaker Currency

When the market cannot express itself through interest rates, as we've seen in Japan, right? The inevitable outcome is a weaker currency. That's my view for the coming years. And the reason is because we're just printing so many treasuries. We were issuing about $500 billion a year in treasuries pre-COVID. From now on, the projection is at least a trillion dollars a year, basically forever.

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