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You do realize that physical resources, which money is to some extent a representation of, are themselves finite, right? Printing money does not food create. L
by jackfraser 8y ago
You do realize that physical resources, which money is to some extent a representation of, are themselves finite, right?
Printing money does not food create. Look at Zimbabwe for what happens when MMT is put into practice.
- Maro 8y agoWhen raw materials are combined, new value is created. Disregarding solar input, raw materials are finite, so it was the same total 1000 years ago as today. Yet today we have infinitely more goods (and services) than 1000 years ago, and we all agree that it's okay to have more money than 1000 years ago to represent the additional value.