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In 2009 they printed money and dollars were worth more.
by OscarCunningham 5y ago
In 2009 they printed money and dollars were worth more.
- MadSudaca 5y agoSo if printing makes dollars worth more, why stop? Or that effect only applied to 2009?
- arcticbull 5y agoBecause supply alone is not what defines the value of money. This is the concrete example of why Austrian economics is a wholly insufficient model.
- MadSudaca 5y agoI think the Austrian school explains quite well the phenomenon, like Newton’s Laws for dynamics.
- arcticbull 5y agoNow do Japan.