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That is an example of monetary policy working exactly as intended. If the buying power of $1 USD didn’t diminish, there would be an incentive for people to hoar
by basementcat 7y ago
That is an example of monetary policy working exactly as intended. If the buying power of $1 USD didn’t diminish, there would be an incentive for people to hoard their wealth instead of investing and spending their wealth to build the economy.