Haha Money Printer Go Brrrrr
Haha Money Printer Go Brrrrr refers to a meme created in answer to the Federal Reserve’s plan to print money in 2020. This plan is to foster the increase in stock market liquidity, with regard to the COVID-19 outbreak, this Federal Reserve proposal seeks to put $1.5 trillion into the economy through short-term loans.
What the meme seeks to relay however, is the creators concern about the government’s proposal to just “print-out” money so as to avert economic crises. Since the creation of the Haha Money Printer Go Brrrrr meme, it had jived well with the views of those critical of inflation in fiat money systems. What the critics take issue with is the government’s intervention in the economy, specifically its ability to just pull money out of nowhere.
This process is called, Quantitative Easing (QE). The act does not simply mean to print money and circulate it. The process actually entails buying securities from banks that results in an increase in money supply. What QE detractors point out is that this practice may lead to hyperinflation should the printing get out of hand. A less severe scenario, opponents point out, is the debasement of holdings.