Money Printer go Brrrr
By the end of 2020…
Over 35% of all U.S. dollars in existence were printed in 10 months.
And the Money Printer go Brrr meme was off to the races.
Money printer go brrr.
Alex Thompson @AlexThomp
A complete website devoted to the meme: brrr.money.
What does this have to do with crypto?
Many crypto advocates believe that money printing can create more problems than it solves.
This is why Bitcoin has a capped supply of 21 million BTC. And why cryptocurrencies are decentralized. This means no single governing body, like the FED, can print new money or change the monetary policy. Instead, the monetary policy is written in code, and to change the monetary policy, a consensus must be agreed upon by the community.
Final Thoughts Those who are critical of inflation and monetary policy, use the Money Printer Go Brrrr meme to contrast the difference between fiat and crypto monetary policies. Money printer go brrr is a funny and easy to spread meme, but money printing, and monetary policy as a whole, is a very complex topic that takes time to understand. For better understanding, we recommend taking the time to learn more about money, and investing in your own personal financial education. Additional Resources (Formal): Austrian Economics Keynesian Economics Episode 553: The Dollar At The Center Of The World : Planet Money - Podcast Everything Wrong with the "Money Printer Go Brrrr" Meme What gives a dollar bill its value? - Doug Levinson - Ted Ed (Beginner) Understanding Money | Orcam Group - More Links The Ultimate Guide to Inflation How The Economic Machine Works by Ray Dalio - Animation Video Trillion Dollar Coin - Actually links to Investopedia Additional Resources (Informal): Quantitative Easing Explained - Viral Video The Monetary System Visually Explained Disclosures Not financial advice. Crypto currencies are risky and you could lose what you put in.