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> Printing money doesn't magically create more stuff, nor does it change the economy's ability to create more stuff. You're right, there's not much to this unt
by bsedlm 5y ago
> Printing money doesn't magically create more stuff, nor does it change the economy's ability to create more stuff.
You're right, there's not much to this until the monetary system is based on fiat-currency, at this point there's a soft obligation (maybe? I don't understand fiat well enough) to back the created money by building things in the real economy.
But what the USA has created with the fiat-based money is war, which adds bomb-making and building reconstruction into the real economy.
The war on drugs seems to create corruption. The only real connection is the time period in which USA's congress passed laws for money laundering, war on drugs, and fiat money (a little bit before, iirc)