US Printed More Money in One Month Than in Two Centuries
Cointelegraph
Published Jul 30, 2020 11:29PM ET
Updated Jul 31, 2020 01:00AM ET
In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis.
“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”
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Written By: Cointelegraph
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