Yea, if we're talking about money supply I suspect the phone comparison might be apt in a slightly different way. I haven't seen anyone touch on it in this thr

Yea, if we're talking about money supply I suspect the phone comparison might be apt in a slightly different way. I haven't seen anyone touch on it in this thread, but I've read opinions where people have blamed companies for hoarding all of the newly available cash, especially for stock buybacks. If there's any truth to that, it would make sense, since companies can usually get better rates and first dibs at market level loans/ bonds/ etc than small business or individuals. In the phone analogy, (if we assume there's some value having multiple phones) this would be like a new dialing prefix being released, and companies buying up the numbers hundreds at a time at bulk rate discount, leaving little or no additional numbers for individuals. So supply was increased, but the businesses hoarding new numbers prevents any quality improvement if the network.