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If they double the money supply by putting the new money in the hands of regular citizens, the resulting inflation will be much, much worse than just halving of
by cryptica 6y ago
If they double the money supply by putting the new money in the hands of regular citizens, the resulting inflation will be much, much worse than just halving of buying power.
Because given extremely high inequality, 100% of the total money supply might very well represent 1000 times the money supply which is actually in the hands of average citizens. Most of the current fiat is concentrated in very few hands and it's not being spent on consumables - That's the only reason why we don't already have massive hyperinflation in consumables.