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US set to boost banknote supply if flu breaks out


Tiffibunny

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ummm, okay, so explain this to me again. IF (and this is a hypothetical IF) there were to be a major influenza pandemic disaster, and IF this disaster is as bad as 1918 and kills 500,000-800,000, then the Feds are ready to respond by injecting and extra 6 billion in currency into the economy????? And how exactly will this help the financial sector continue to function smoothly??

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Not too sure if the US printing Bureau is trying to suggest lame inflation here.

 

But this is what I think and it did happen during the SARS / bird flu period. Whenever money was handled, people DID wash their currencies and hence causing them to be in rags pretty fast. In order to combat this, perhaps new banknotes are introduced to replace the washed ones as it is difficult to convince people not to wash their notes.

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