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Absolutely, on the denomination unit. Foolishly and unwisely were concise proxies for economic impact. My point was that simply increasing the money supply may
by ethbro 7y ago
Absolutely, on the denomination unit. Foolishly and unwisely were concise proxies for economic impact.
My point was that simply increasing the money supply may or may not result in objective inflation over modest timescales.
It certainly usually does, because foolish things are more politically popular than effective things. But it doesn't have to be so.