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Do you have any sources that describe this? I was under the impression that the US money supply arises from a highly dynamic process not directly subject to any
by 0xcde4c3db 5y ago
Do you have any sources that describe this? I was under the impression that the US money supply arises from a highly dynamic process not directly subject to any single authority, especially depending on overall productivity and how "hot" the finance sector is running.
- WalterBright 5y agoJust think about where money comes from that funds deficit spending. There ain't no such thing as a free lunch. For an in-depth treatment, see Friedman's "Monetary History of the United States". It's not an easy book to read, but it's full of all the information you'll ever want on the topic.