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> ...if it expands more people get richer Not necessarily. If you think of money as representing a claim on the finite resources of the world then if the dist
by tmnvix 5y ago
> ...if it expands more people get richer
Not necessarily.
If you think of money as representing a claim on the finite resources of the world then if the distribution of the increase in the money supply is too concentrated then you can have a situation where more people end up poorer.