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> One thing you can't escape is just how much money supply has increased The money supply is supposed to expand as more people use it. That's why we don't use
by gwbas1c 6y ago
> One thing you can't escape is just how much money supply has increased
The money supply is supposed to expand as more people use it.
That's why we don't use gold / silver / whatever coins anymore, we couldn't dig it out of the ground fast enough. When population grew, there wasn't enough coins to go around, so everyone just kept ledgers about who owed what to who.
- jarym 6y agoYes it is, it’s supposed to increase with population, GDP and a few other things. The US hasn’t seen population growth to justify THIS level of monetary expansion since WW2!