3 ms·
> The vast majority of the money supply is based off debt. That's because of the money supply measure you choose, so it's a pretty meaningless thing to complai
by kybernetikos 10y ago
> The vast majority of the money supply is based off debt.
That's because of the money supply measure you choose, so it's a pretty meaningless thing to complain about.
M0 for example is a measure of the money supply that is not based off debt. Most of the other measures include demand deposits in fractional reserve banks which are primarily debt.