[stupac2]

Without context it's hard to know what he was getting at, but our monetary supply really is limitless in principle, the fed can print as much of it as they want. The constraints are in practice, with inflation being the main problem of a monetary supply that's too large.

Of course, you can go the other way too, and have a monetary supply that's too small. I think that right now the risk is all on the "too small" side, but the best tools for the fed to pump money into the economy aren't strictly speaking legal*, so we'll see what they do.

*I say strictly speaking because at least one of the fed's recent moves was likely illegal, according to what I've read, but the fudged it and it seems no one cares.

[stupac2]

Without context it's hard to know what he was getting at, but our monetary supply really is limitless in principle, the fed can print as much of it as they want. The constraints are in practice, with inflation being the main problem of a monetary supply that's too large.

Of course, you can go the other way too, and have a monetary supply that's too small. I think that right now the risk is all on the "too small" side, but the best tools for the fed to pump money into the economy aren't strictly speaking legal*, so we'll see what they do.

*I say strictly speaking because at least one of the fed's recent moves was likely illegal, according to what I've read, but the fudged it and it seems no one cares.