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Sure, but central banks do influence how much banks can borrow, and hence how fast the currency supply grows. Even someone whose understanding of monetary poli
by ineptech 5y ago
Sure, but central banks do influence how much banks can borrow, and hence how fast the currency supply grows. Even someone whose understanding of monetary policy is limited to "The Fed has a big meeting each year to decide what the inflation rate will be" can understand why a deflating currency would be really bad.