Words can conceal the truth:
In an effort to add liquidity to the economy, we engaged in an aggressive monetary policy, launching an asset purchase plan to acquire Treasury securities on the open market. We had intended for this quantitative easing, which created a monetary injection into the economy, to have a simulative effect on macroeconomic activity while controlling inflationary pressures. It appears, however, that these liquidity operations might have had the unintended effect of placing downward pressure on the value of the currency.
Or reveal the truth:
We have printed too much money. Doing so has driven prices up and eroded your wealth. We made a mistake.
© 2023 Robbie Hyman. All rights reserved. This article
may not be reproduced without express written consent from Robbie Hyman.
About the Author
Robbie Hyman is a professional communications and public affairs writer. He has 15 years’ experience writing for nonprofits, small business and multibillion-dollar international organizations and is available as a freelance writer for federal agencies.
Robbie has written thousands of pages of content, including white papers, speeches, published articles, reports, manuals, newsletters, video scripts, advertisements, technical document and other materials. He is also co-founder of MoneySavvyTeen.com, an online course that teaches smart money habits to teenagers.