2 ms·
Money printing is not a helpful term. We need publicly created money because all money is ultimately publicly created - all the money any of us earns was creat
by risk000 5y ago
Money printing is not a helpful term.
We need publicly created money because all money is ultimately publicly created - all the money any of us earns was created by the US government.
"Printing money with impunity" is a loaded phrase if ever there was one. Behind it is a whole narrative and belief structure which thinks money is something other than a unit of account, that has to be "earned" even by the entities that issue it, or somehow tied to other tangible assets. This is a bogus understanding of money, imo. Warren Mosler explains this in a variety of books and YouTube presentations.