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Technology Stocks : Discuss Year 2000 Issues
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To: John Hunt who wrote (7192)7/25/1999 9:31:00 PM
From: Hawkmoon  Read Replies (1) of 9818
 
Why is it a problem for the Treasury to print more money? ... They have already managed to print enough of it to wash the world in US currency.

Come one John... surely you can distinquish between electronic currency and actual greenbacks.

The Fed says that they are going to print an extra $50 billion in
"cash" (which I understand they are FINALLY thinking about increasing).

There is currenly about $250-300 billion in actual cash (according to figures I heard last year) in circulation around the world, most of it held or used overseas. There is an emergency reserve of some $150 billion locked in Reserve vaults.

So the grand total is $500 billion available, which I personally feel is inadequate. But the unknown variable is the amount of currency that is not being destroyed in the normal process of wear and tear. I understand that they will be maintain that old currency in circulation longer as well, which could add several hundred more billions of dollars in greenbacks to the system.

Now the question is with all of that cash finding its way on the street, is that impacting the Fed's decisions to drain liquidity from the money supply??

But again, printing money electronically is not the same as printing physical proxies for that electronic currency.

Regards,

Ron
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