5 ms·
Insofar as there would be legitimate worry, it would be of new money creation made procedurally more available by the move. And also worry about other people's
by dllthomas 5y ago
Insofar as there would be legitimate worry, it would be of new money creation made procedurally more available by the move. And also worry about other people's worries, legitimate and otherwise.
- dllthomas 5y agoOn reflection, this is too narrow. Previous lending put more money in circulation, but to the degree people expected that money to be removed from circulation later as the loans were repaid they should (on deposit of the coin) expect there to be more money (ceteris paribus) in circulation at that future time than there would have been sans coin.