3 ms·
> yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine
by jganetsk 7y ago
> yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns?
Yes. Money comes into existence ex nihilo. There are trillions of USD in existence today, but the dollar has only existed since 1792. They came into existence by the power of the government printing press. We can "run out" in the sense that we don't have sufficient dollars in circulation, which is a very severe problem, but the solution can be summarized in a simple way: have the government create more money.
And how does the government create more money? By spending it into existence.
https://www.vox.com/future-perfect/2019/4/16/18251646/modern-monetary-theory-new-moment-explained https://www.vox.com/future-perfect/2019/4/16/18251646/modern...