> The total amount of money commands a fixed set of resources. Increasing the amount of money in circulation does not matter at all for reality. It's just an ab

> The total amount of money commands a fixed set of resources. Increasing the amount of money in circulation does not matter at all for reality. It's just an abstraction. An accounting fiction. If the government spends, there's someone else not using those same resources the government's now using. You’re completely ignoring the velocity of money. This kind of confusion of stocks and flows is endemic in online macroeconomic discourse sadly. (Some have said that it’s endemic in the economics profession too.)