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It's only sad that people still trot out the 'crowding out' thesis ten years after it proved to be false. Poland has its own currency which its banks create as
by neilwilson 9y ago
It's only sad that people still trot out the 'crowding out' thesis ten years after it proved to be false.
Poland has its own currency which its banks create as required.
There can be no shortage of financial capital in a country with a free floating exchange rate and no dollarised sovereign debt. There can only be a shortage of stuff.
- ucaetano 9y agoYes, which means inflation, which if countered with more money printing leads to hyperinflation. Printing money won't increase the stock of capital. That is so absurd that you're not even wrong. Have you ever lived with 4000% inflation per year? I have.
- neilwilson 9y agoWhere's the inflation in Japan? It's the savings stupid. You forgot about them.