The Fed has more money on its balance sheet (8.9 trillion) then the total value of all 401ks in the United States (7.3 trillion as of 9/21).


5 trillion of that was added to the Fed’s balance sheet since Feb. 2020: https://fred.stlouisfed.org/series/WALCL

401k balances: https://www.ici.org/401k

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But oh ya, inflation is only happening because the ships and ports and all that jazz. Definitely not because of the largest instance of debt monetization in the history of mankind.


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