Federal Reserve and European Central Bank Print Money Like Never Before

People's Bank of China did not issue money in such a large volume.

Image Source: @jsblokland

The European Central Bank and the Federal Reserve printed an unprecedented amount of money in 2020, according to Jeroen Blokland. The money emission is one of the measures to counter the economic crisis caused by the pandemics and to fight deflation caused by it. Nevertheless, such a policy is criticized by many experts, claiming that inflation, which has arisen due to large volumes of emission, can destroy the economy and the market.

The Central Bank of China, unlike the United States and Europe, has abandoned large-scale monetary emission.

#Chart #Money #Inflation #Central Bank #Global Economy #Federal Reserve

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Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.