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If I do some work and grow some food from seeds, I have created actual value by my work. Monetary and fiscal policy does not do this. It creates or destroys cur
by billybob 15y ago
If I do some work and grow some food from seeds, I have created actual value by my work. Monetary and fiscal policy does not do this. It creates or destroys currency, thereby either diluting or concentrating the value of dollars, creates temporary incentives to borrow or lend, which will be offset by the inevitable bounce-back. The end result is just a temporary fluctuation.