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The government creating money is the country borrowing money from itself. At some point, a good portion of that money needs to be paid back, in the form of dest
by ironmagma 6y ago
The government creating money is the country borrowing money from itself. At some point, a good portion of that money needs to be paid back, in the form of destroying said printed money.
- epistasis 6y agoSimply not true, especially if wealth grows and people hold onto money as savings. The money supply needs to increase to account for how people are using it. When there's not enough money, it's far far worse than inflation.